LONDON, UK: Shell plc has announced its intent to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and liquefied natural gas (LNG) in a phased manner, aligned with new government guidance. As an immediate first step, the company will stop all spot purchases of Russian crude oil. It will also shut…
CentralNic completes VGL acquisition, FT1000 inclusion
LONDON, UK: CentralNic Group plc (AIM: CNIC), the global internet platform company, has completed the acquisition of VGL Verlagsgesellschaft mbH, Berlin, Germany and its subsidiaries from its former shareholders, a bourse filing mentioned. VGL has been acquired for an enterprise value of EUR 60 million, with an initial consideration of EUR 67 million (approx. US$75…
Ceres and HORIBA MIRA partner to accelerate hydrogen and fuel cell technologies
HORSHAM, UK: Ceres Power Holdings plc (AIM: CWR.L), a global leader in fuel cell and electrochemical technology, has signed a long-term agreement with HORIBA MIRA, Europe’s leading engineering and testing consultancy, to expand the UK’s delivery of new fuel cell and hydrogen technology to international markets. Ceres selected HORIBA MIRA and the wider HORIBA group…
Aquis Exchange to add Czech and Hungarian blue-chip stocks trading
LONDON, UK: Aquis Exchange PLC (AQX.L), the exchange services group, is to add Czech and Hungarian blue-chip stocks to trading on its pan-European MTFs business, Aquis Exchange. During the second quarter of 2022, some 300 additional stocks will be made available for trading on the Aquis Exchange UK and Aquis Exchange EU platforms, including the…
Sanctions against KPMG LLP and Mr Michael Neil Frankish
LONDON: The Executive Counsel of the Financial Reporting Council (FRC) has imposed sanctions against KPMG LLP and Mr Michael Neil Frankish in relation to their audits of Revolution Bars Group Plc (“the Company”) for the financial years ended 30 June 2015 (“FY2015”) and the 53 weeks ended 2 July 2016 (“FY2016”) (the “Audits”). Mr Frankish performed the role of Audit…
Flexible workspace solutions provider IWG to merge with The Instant Group
LONDON, UK: IWG plc, the world’s leading supplier of flexible workspace solutions, has entered into contract to merge certain of its digital and technology assets with The Instant Group, a global business which operates as the world’s leading independent provider of flexible workspace platform and services. IWG will invest net cash of c.£270 million to…
Appointment of John Walker as CEO of Tees Valley Lithium Ltd
LONDON, UK: Alkemy Capital Investments announced the appointment of John Walker as CEO of Alkemy’s newly formed wholly owned subsidiary Tees Valley Lithium Ltd, effective immediately. John has more than 30 years of leadership experience in the mining and advanced materials processing industries. Most recently he has been providing strategic advice to ASX listed Piedmont…
Agronomics co-leads SuperMeat’s Series A Financing
LONDON, UK: Agronomics Limited has co-led the Series A Financing for portfolio company SuperMeat (The Essence of Meat Ltd) with a US$ 10 million investment, subscribing for 188,158 Series A Preferred Shares, a notice said. SuperMeat is a leading cultivated chicken meat company based in Israel. The funding round was co-led alongside New Agrarian Company…
CLS Holdings to acquire office building in Dortmund for €66.25mn
LONDON, UK: CLS Holdings has unconditionally exchanged contracts to acquire a 23,982 sqm / 258,140 sq. ft office building in Dortmund for €66.25 million (€2,763 per sqm) excluding costs. The property is located in a prime office location in the CBD of Dortmund, next to the central shopping district. The Central Station is within 800m…
Gladiator Resources acquires Rutherglen Gold Project
SYDNEY, AUSTRALIA: Gladiator Resources Ltd (ASX: GLA) has exercised its option to acquire the Rutherglen gold project, subject to confirmation of renewal of the license, a bourse filing noted. Together with its 100% ownership of the Bendoc gold project the Company believes this puts it in a strong position to take advantage of the current…
ORANGE and MASMOVIL enter negotiations to merge operations in Spain
PARIS, FRANCE: ORANGE and MASMOVIL (LORCA JVCO) have entered into exclusive discussions to combine their businesses in Spain. The combination would take the form of a 50-50 Joint Venture, co-controlled by ORANGE and MASMOVIL (LORCA JVCO) with a combined enterprise valuation of €19.6Bn. Valuations are attractive for both businesses, with ORANGE Spain’s enterprise value at…
Minbos executes agreement to divest Madagascar Rare Earths Project
SYDNEY, AUSTRALIA: Minbos Resources Limited (ASX: MNB) has entered into a binding Agreement with ALS (Hong Kong) Limited to divest its interest in its Madagascar Rare Earths Project. Minbos holds an interest in the Madagascar Rare Earths Project through an Option Agreement with Tana Minerals Pty Ltd. Under the agreement, Minbos has the exclusive right…