LONDON, UK: Hunting PLC, the international energy services group, has acquired Marubeni-Itochu’s 40% shares in Hunting Energy Services (UK) Limited joint venture (HESUK). The restructuring will simplify Hunting’s operating presence in the EMEA region, as the North Sea market positions itself for growth following the downturn seen over the past two years. Hunting Plc, through…
India’s Reliance buys battery maker Faradion for £100mn
LONDON, UK: Mercia Asset Management has signed contract for the sale of Faradion Limited for a total enterprise value of £100 million to Reliance New Energy Solar Limited, a wholly owned subsidiary of India-based Reliance Industries Limited, the multinational conglomerate. Completion of the sale of Faradion will occur once receipt of the consideration proceeds is…
3G Capital to acquire 75% stake in Hunter Douglas at €175/share
NEW YORK: Hunter Douglas and 3G Capital announced that Ralph Sonnenberg, the controlling shareholder of Hunter Douglas Group, has entered into a definitive agreement to transfer a controlling interest in the Company to 3G Capital based on a value of €175 per Ordinary Share. Hunter Douglas is the global market leader in window coverings and…
Quantafuel acquires remaining 50% stake in Quantafuel UK
OSLO, NORWAY: Quantafuel has strengthened its position in the UK by acquiring the remaining 50% of the shares in Quantafuel UK, as well as the project companies in Sunderland and Cheshire. Quantafuel ASA has reached an agreement with strategic partner Midas Group AS to acquire the remaining 50% of the shares in Quantafuel UK Ltd,…
6 Important Tips For New Investors: Trading Made Simple
New traders often find themselves overwhelmed by all of the information that is out there on trading. This can be somewhat confusing and frustrating, especially when you just want to get started with trading. Especially in today’s market where there are more new people coming into it, many traders will start off with little knowledge…
Tufton Oceanic buys a Product Tanker and a Handysize Bulker
OSLO, NORWAY: The Board of Tufton Oceanic Assets Limited (ticker: SHIP.L) is pleased to announce that the Company has agreed to acquire a Product Tanker for $30.9m and a Handysize Bulker for $23.6m. The Product Tanker is being acquired at approximately 85% of depreciated replacement cost (“DRC”). It has a fixed rate time charter of…
ATOME Energy commences trading on AIM market of LSE
LONDON, UK: ATOME Energy has commenced trading on the AIM market of the London Stock Market on Thursday 30 December 2021, under the ticker “ATOM”. ATOME, as the first and currently only company solely focusing on being a producer of green hydrogen and ammonia to have its shares traded on the London Stock Market, offers…
Polyphor closes merger with EnBiotix and is renamed Spexis
ALLSCHWIL, SWITZERLAND: Polyphor AG (SIX: POLN) and EnBiotix Inc. announced the closing of the merger of the two companies and the change of name of the combined company to Spexis AG. Pursuant to completion of the capital increase approved at the extraordinary general meeting of shareholders convened on October 28, 2021, Polyphor and EnBiotix, a…
Cordoba Logistics & Ventures to acquire 50% stake in CC Retail
KARACHI, PAKISTAN: The Board of Directors of Cordoba Logistics & Ventures Limited (Formerly Mian Textile Industries Limited) has approved investment of Rs 65.00 million in Children Clothing Retail (Private) Limited (CC Retail) by purchasing its 50.0002% stake comprising 650,002 ordinary shares. CC Retail will become a subsidiary of Cordoba Logistics & Ventures on transfer of…
Trajan Group acquires Neoteryx LLC
SYDNEY, AUSTRALIA: Trajan Group Holdings Limited (ASX: TRJ) has completed the acquisition of Neoteryx LLC, a global leader in blood micro sampling devices based in Torrance, California, USA. Trajan has acquired 100% of the shares in Neoteryx along with the remaining global operations through a share swap and cash payment arrangement. The current parent company…
Sims to sell 50.46% stake in Sims Municipal Recycling for $45.4mn
SYDNEY, AUSTRALIA: Sims Limited has agreed to sell 50.46 percent of Sims Municipal Recycling of New York LLC (SMR) for US$45.4 million (circa A$63 million). Sims Limited will hold two of the five SMR board seats. The transaction is forecast to reach financial close in the third quarter of FY22. The buyers are a group…
The best way to convert Litecoin for Bitcoin
Bitcoin was created with the goal of revolutionizing the world of finance. And now it is already quite obvious that it really succeeded. Following the first decentralized digital currency, the second, third appeared, the original technologies were improved. This is how altcoins appeared, in particular – forks, new isolated versions of the source code. Each…