KARACHI, PAKISTAN: Lucky Electric Power Company Limited (LEPCL), a wholly owned subsidiary of Lucky Cement, has successfully commissioned its 660 MW super critical, lignite coal-based power plant at Deh Ghangiaro, Bin Qasim, Karachi. “The power plant was synchronized with the national grid towards the end of CY 2021 and since then has been involved in…
PZ Cussons acquires 92% interest in Childs Farm for £36.8mn
LONDON, UK: PZ Cussons plc has acquired the entire issued share capital of Childs Farm. Childs Farm is the UK’s favourite baby & child toiletries brand based in Basingstoke, Hampshire, where it employs 35 staff. Founded by mum of two, Joanna Jensen, as a solution to her own daughters’ sensitive and eczema prone skin, the…
Tufton Oceanic buys Handysize Bulker for $25.5mn
OSLO, NORWAY: The Board of Tufton Oceanic Assets Limited has agreed to acquire a Handysize Bulker for $25.5 million. It is being acquired slightly above DRC but the strong cash flows from its charter will significantly de-risk the investment. The vessel has a fixed rate time charter of nine to twelve months producing a net…
Pantheon to invest €43mn in European transport and logistics sector
LONDON, UK: Pantheon Infrastructure Plc has agreed to invest €43 million in a European transport and logistics company through Pomodoro Holdings Limited, a company controlled by funds managed by affiliates of Apollo Global Management Inc. Apollo is a leading global alternative investment firm with a successful track record in the transport and logistics sector. This…
Energy Steel awarded a $4.1mn contract from Nuclear Waste Partnership
LONDON, UK: Avingtrans PLC (AIM: AVG), which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, announced Energy Steel has been awarded a $4.1 million contract from Nuclear Waste Partnership LLC. Energy Steel, part of the Engineered Pumps and Motors Division of Avingtrans plc and leader…
Kibo Energy signs deal to acquire Brownhill International Limited
LONDON, UK: Kibo Energy (AIM: KIBO) has signed a Share Purchase Agreement (SPA) to acquire the Victoria Falls Solar Park project in Zimbabwe from Broomfield International Limited. Kibo Energy will acquire 100% of the issued share capital of Brownhill International Limited and shareholder loan claims against Brownhill, which holds the Project through its wholly owned…
Antofagasta agrees to exit Reko Diq project
LONDON, UK: Antofagasta plc, Barrick Gold Corporation and the Governments of Pakistan and Balochistan have reached agreement in principle on a framework that provides for the reconstitution of the Reko Diq project, and a pathway for the company to exit the project. The project was suspended in 2011 due to a dispute over the legality…
ZOO Digital acquires Vista launches ZOO India
LONDON, UK: ZOO Digital Group plc (AIM: ZOO) announced the expansion of its South Asia operations with the launch of ZOO India. The company has acquired the award-winning media services and localisation businesses of Vista India Digitek Private Limited and Vista Tanweer Studios Private Limited, based in Mumbai, together with a 35% investment in the…
Trident acquires cash generative gold offtake contract
LONDON, UK: Trident Royalties Plc (AIM: TRR), the diversified mining royalty and streaming company, has entered into an agreement to acquire a gold offtake contract over the Sugar Zone Mine in Canada, owned and operated by Silver Lake Resources Limited (ASX:SLR) from Orion Resource Partners. With this, Trident now holds a total of 11 cash…
Plus500 enters Japan with the acquisition of EZ Invest Securities
LONDON, UK: Plus500, a global multi-asset fintech group operating proprietary technology-based trading platforms, has entered into the Japanese market through the acquisition of EZ Invest Securities Co. Ltd. EZ Invest is licenced as a Type 1 Financial Instruments Business Operator, regulated by Japan’s Financial Services Agency (FSA) and a member of the Japan Securities Dealers…
Cindrigo Holdings to acquire 100% of Energy Co-invest Global Corp
LONDON, UK: Cindrigo Holdings has exercised the option agreement to acquire the entire issued share capital of Energy Co-invest Global Corp (ECG). Energy Co-invest Global Corp (ECG) is an established international energy developer with interests in a broad base of projects within the renewable energy sector, particularly the geothermal energy sector. The acquisition will give…
SHUAA Capital acquires majority stake in Middle East fintech, Souqalmal
UNITED ARAB EMIRATES: SHUAA Capital (DFM: SHUAA), the leading asset management and investment banking platform in the region, has completed a strategic investment in UAE-based fintech, Souqalmal. The investment will provide growth capital, allowing Souqalmal to execute on an ambitious growth plan over the next 24 months. Following the investment, Ambareen Musa, Founder and CEO…