LONDON: B.P. Marsh and Partners PLC (AIM:BPM), a specialist private equity investor in early-stage financial services firms, has acquired a 27% stake in Cameron Specialty, a London-based underwriting agency. The investment includes funding of up to £1.7 million ($2.2 million) through a combination of equity and a loan facility, part of which was drawn at completion….
Hansa Investment and Ocean Wilsons sign agreement for all-share merger
LONDON: The boards of Hansa Investment Company Limited (“Hansa”) and Ocean Wilsons Holdings Limited (“Ocean Wilsons”) said Tuesday they have reached a preliminary agreement on an all-share combination that would create a diversified global investment company with over £900 million ($1.14 billion) in net assets. Under the proposed deal, Hansa would acquire Ocean Wilsons, with Ocean Wilsons shareholders receiving new shares…
Atlas signs letter of intent to acquire Universal Pozzolanic Silica Alumina Ltd
LONDON: Atlas Metals has signed a non-binding letter of intent to acquire Universal Pozzolanic Silica Alumina Ltd (UPSA), a privately held U.K.-based company with significant mineral reserves in Australia, the company announced Tuesday. The proposed share-for-share deal would give Atlas access to UPSA’s pozzolanic silica alumina (PSA) reserves, valued at £10 per ton. UPSA holds…
ST Group sells Gong Cha brand in the United Kingdom amid market shift
SINGAPORE: ST Group Food Industries Holdings Ltd. has disposed of three indirect subsidiaries operating under the Gong Cha brand in the United Kingdom, citing ongoing losses and a strategic shift toward franchising and supply chain operations. The disposal, completed through ST Group’s indirect subsidiary GCTea Ltd., transfers ownership of GCTea Outlets Ltd., GCTea Outlets 2…
Vintage Energy sells 25% stake in PEP 171 to Beach Energy for $1.25 million
MELBOURNE: Vintage Energy Ltd. (ASX: VEN) has signed agreements to sell its entire 25% interest in PEP 171, an onshore exploration permit in Victoria’s Otway Basin, to Beach Energy Ltd. (ASX: BPT) for $1.25 million. The sale, announced Thursday, is contingent on regulatory approvals and the waiver of pre-emptive rights by joint venture partner Amplitude…
Abu Dhabi-led consortium makes $8.89 per share bid for Australia’s Santos Limited
Santos shares surge over 15% after $18.7 billion takeover bid ADELAIDE: Santos Limited (ASX: STO), a leading Australian energy company, announced Monday it received a non-binding takeover proposal from a consortium led by Abu Dhabi’s XRG P.J.S.C., a subsidiary of the Abu Dhabi National Oil Company (ADNOC). The bid, valued at US$5.76 (A$8.89) per share, represents…
TALi Digital acquires You Can Do It! Education
MELBOURNE: TALi Digital Ltd (ASX: TD1), a digital health company, has announced the acquisition of You Can Do It! Education (YCDI!), a social-emotional learning program, for $1.34 million. The deal, funded by TALi’s existing cash reserves, includes an upfront payment of $1.14 million and $200,000 in installments over 24 months. YCDI!, an Australian-based program, focuses…
Thor Energy subsidiary granted gas storage exploration licenses in South Australia
ADELAIDE: Thor Energy plc announced Monday that its subsidiary, Go Exploration Pty Ltd, has accepted an offer from the South Australian Department for Energy and Mining for three Gas Storage Exploration Licenses (GSELs 804, 805 and 806). The licenses, strategically located near Adelaide, provide exclusive rights to explore underground gas storage potential across more than…
Eden Research partners with Royal Holloway to expand sustainable seed treatment development
LONDON: Eden Research plc, a sustainable biopesticide and biocontrol technology company, announced a strategic partnership with Royal Holloway, University of London, to advance its seed treatment product for cereals and vegetables. The collaboration, formed under Innovate UK’s Knowledge Transfer Partnership program, will leverage academic expertise and research facilities to broaden the application of Eden’s flagship…
Wood JV wins new major EPC contract in Brunei
LONDON: John Wood Group and its joint venture (JV) partner, Tendrill International Sdn. Bhd, has secured a five-year contract with Brunei Shell Petroleum Sdn Bhd (BSP) for brownfield engineering, procurement, and construction (EPC) services. Under the contract, the TendrillWood JV will deliver integrated, end-to-end brownfield EPC projects, from conceptual design through commissioning and start-up, across…
Pensana signs rare earth offtake MoU with Toyota Tsusho
LONDON: Pensana PLC (LSE: PRE) announced Thursday it has signed a non-binding memorandum of understanding with Japan’s Toyota Tsusho Corporation for a rare earth offtake agreement, marking a key step in establishing a new sustainable supply chain. Under the proposed terms, Toyota Tsusho could purchase up to 20,000 metric tons per year of ultra-clean mixed…
UK’s CPH2 signs green hydrogen deal with Ireland’s constant energy
KILLALA: British green hydrogen firm CPH2 has entered a non-binding agreement with Irish energy developer Constant Energy Ltd to deploy its membrane-free electrolyser technology at a planned hydrogen hub in County Mayo, Ireland. The memorandum of understanding (MOU) follows planning approval for Constant Energy’s Killala Energy Hub, which will integrate wind and solar power to…