LONDON, UK: The bp board announced that bp will exit its shareholding in Rosneft. bp has held a 19.75% shareholding in Rosneft since 2013. Additionally, bp chief executive officer Bernard Looney is resigning from the board of Rosneft with immediate effect. The other Rosneft director nominated by bp, former bp group chief executive Bob Dudley,…
KEFI Gold and Copper continues with rapid progress in Saudi Arabia
LONDON, UK: KEFI Gold and Copper (AIM: KEFI), the gold and copper exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, announced that exploration and development studies at the KEFI-operated Gold & Minerals Limited (“G&M”) Hawiah Copper-Gold Project (“Hawiah”) and the contiguous Al Godeyer Exploration…
Infrastructure India to sell Indian Energy (Mauritius) Limited
LONDON, UK: Infrastructure India plc (IIP) has signed an agreement for the conditional sale of Indian Energy (Mauritius) Limited’s (IEL) assets. IEL, which is a wholly owned subsidiary of IIP, is an independent power producer that owns and operates wind farms at two sites in the states of Karnataka and Tamil Nadu, with 41.3MW of…
Chariot Limited awarded the Rissana Offshore Licence in Morocco
LONDON, UK: Chariot Limited (AIM: CHAR), the Africa focused transitional energy company, has been formally awarded the Rissana Offshore Licence in Morocco. Mrs Amina Benkhadra, General Director Office National des Hydrocarbures et des Mines, commented: “We are pleased to formally award Chariot the Rissana licence, offshore Morocco. ONHYM and Chariot recently conducted a highly successful…
The MISSION Group acquires youth focused creative business, Livity
LONDON, UK: The MISSION Group plc (AIM: TMG) announced the acquisition of Livity ltd, the youth focused creative business for a consideration of £0.1 million, to be satisfied in cash. Based in Brixton, South London but working globally for its clients, Livity is the market leader in its space with over 20 years’ experience. It…
BEWI to acquire Scandinavian paper packaging company
OSLO, NORWAY: BEWI, a leading provider of packaging, components, and insulation solutions, announced that the company has entered a letter of intent to acquire 100 per cent of a leading Scandinavian paper packaging company. The target company is mainly manufacturing fibre-based packaging products, with an annual revenue in the range of EUR 12 to 14…
GXO Logistics agrees to acquire Clipper Logistics in a £965mn deal
LONDON, UK: The boards of directors of GXO Logistics Inc. (GXO) and Clipper Logistics plc have reached agreement on the terms of a recommended cash and share acquisition by which the entire issued and to be issued ordinary share capital of Clipper will be acquired by GXO. Based on the Agreed Value of a GXO…
AssetCo to acquire Revera Asset Management for £2.8mn
LONDON, UK: AssetCo Plc, the agile asset and wealth management company, has reached agreement to acquire the entire issued share capital of Revera Asset Management Limited for an effective total consideration of £2.8 million. The Consideration will be satisfied by the issue of 54,639 new ordinary shares of 10p each in the Company, fully paid…
Telstra Purple acquires Aqura Technologies for $30mn
SYDNEY, AUSTRALIA: Veris Limited (ASX: VRS) has completed the settlement of the share sale agreement (SSA) with Telstra Purple Pty Ltd, a wholly-owned subsidiary of Telstra Corporation (ASX: TLS), under which Telstra Purple has acquired 100% of the shares in Aqura Technologies. The sale consideration, representing an enterprise value of $30 million, was settled in…
Perseus Mining signs agreement to acquire Orca Gold for CAD 233mn
SYDNEY, AUSTRALIA: Perseus Mining Limited (ASX: PRU) has entered into a definitive agreement to acquire all of the outstanding common shares of Orca Gold Inc. (TSXV: ORG) not already owned by Perseus. The acquisition will be by way of a statutory plan of arrangement under the Canada Business Corporations Act. Perseus currently owns 39.09 million…
PeopleIn completes acquisition of Perigon Group
SYDNEY, AUSTRALIA: PeopleIn Limited (ASX: PPE) has completed the acquisition of 100% of the shares in Perigon Group Pty Ltd that was announced to the market on 9 February 2022. Perigon Group is a leading Australian recruitment business which offers specialized contracting and permanent recruitment services across: • Finance and Accounting • Financial Institutions •…
Equinor to start exiting from joint ventures in Russia
OSLO, NORWAY: Equinor (NYSE: EQNR) Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures. “We are all deeply troubled by the invasion of Ukraine, which represents a terrible setback for the world, and we are thinking of all those who are suffering…