LONDON, UK: Agronomics Limited, the leading listed alternative proteins company focused on cellular agriculture and cultivated meat, announced the disposal of its total holding of 40,000 shares in Oritain Global Limited for NZ$ 1.36 million (approximately £0.7 million), representing an IRR of 74%. Agronomics invested in Oritain in December 2019. The proceeds will be used…
Tharisa Plc announces decarbonisation targets
LONDON, UK: Tharisa Plc has announced decarbonisation targets envisaging 30% reduction in emissions by 2030, carbon net neutral by 2050. The platinum group metals (PGMs) and chrome co-producer dual-listed on the Johannesburg and London stock exchanges, has been reviewing its operations with respect to establishing a corporate plan to reduce its carbon emissions while continuing…
Network International buys African payments platform, DPO
LONDON, UK: Network International has completed the acquisition of DPO Group against the final purchase consideration of $291.3 million. The consideration includes agreed completion adjustments, which will be satisfied through payment of a cash amount of $228.6 million with the balance through the issuance of Network International shares at a reference price of 410p, subject…
Downing Renewables & Infrastructure Trust to sell shares worth £25mn
LONDON, UK: Downing Renewables & Infrastructure Trust announced intention to raise new capital by conducting a placing of up to 24.499 million new ordinary shares of £0.01 each at a price of 102.50 pence per share to raise up to c.£25 million. The placing will be conducted by way of a bookbuilding process. The core…
Option Granted to Castillo Copper to acquire Litchfield and Picasso Lithium Projects
SYDNEY, AUSTRALIA: Cadence Minerals announced that Castillo Copper has entered into a 90-day option agreement with Lithium Technologies (LT) and Lithium Supplies (LS), in which Cadence owns a 29% shareholding, to acquire – subject to due diligence – the Litchfield and Picasso Lithium Projects in the Northern Territory (NT) and Western Australia (WA) respectively. Highlights: · ASX and London listed Castillo has a 90-day option to acquire – subject to due diligence – the Litchfield and Picasso Lithium Projects. · Consideration for 100% of the holding companies which hold these assets (plus others) is up to AUS$ 3 million in equity of Castillo. · Castillo is an Australian-based explorer primarily focused…
AstraZeneca to fully acquire Caelum Biosciences
LONDON, UK: AstraZeneca‘s Alexion has exercised its option to acquire all remaining equity in Caelum Biosciences for CAEL-101, a potentially first-in-class fibril-reactive monoclonal antibody (mAb) for the treatment of light chain (AL) amyloidosis. AL amyloidosis is a rare disease in which misfolded amyloid proteins build up in organs throughout the body, including the heart and…
Kin and Carta divests Incite to Srat7 for £18 million
LONDON, UK: Kin and Carta plc, the international digital transformation consultancy, has divested Incite Marketing Planning Limited and Incite New York LLC (together, Incite) to Strat7, a leading provider of strategic marketing and planning services. Incite provides research, planning and strategic consultancy services for clients ranging from insight professionals and marketing leaders through to the…
Alpha FX launches full scale alternative banking platform
LONDON, UK: Alpha FX Group, a provider of FX risk management and alternative banking solutions to corporates and institutions internationally, has launched alternative banking platform for the alternative investment sector. As part of this launch, the Group intends to open an office in Luxembourg to show its commitment to the local market, which represents a…
DGL Group acquires Profill Industries for $7.65 million
AUCKLAND, NEW ZEALAND: DGL Group Limited announced the strategic acquisition of Profill Industires Pty Ltd for $7.65 million. DGL is a specialist chemicals business that manufactures, transports, stores and processes chemicals and hazardous waste. Profill is a chemical manufacturer based in Wangara, Western Australia. The company provides chemical manufacturing, blending and packing services to customers…
EKF Diagnostics buys US based Advanced Diagnostic Laboratory
LONDON, UK: EKF Diagnostics Holdings has agreed to acquire the entire issued capital of Advanced Diagnostic Laboratory LLC (ADL), a Texas based PCR-focused testing laboratory, for an initial consideration payment of $10 million payable in shares on completion. ADL Health’s CLIA-certified laboratory covers the fields of clinical, forensic and microbiological tests. The business has ISO…
Harvest Minerals developing solar based captive power facility in Brazil
LONDON, UK: Harvest Minerals Limited has commenced construction of a solar power facility that will meet all the power requirements at its Arapua Fertiliser Project in Brazil. Brian McMaster, Chairman of Harvest, said, “Earlier in the year, we qualified for the London Stock Exchange’s Green Economy Mark, which recognised our commitment to ensuring our operations…
Greencoat UK Wind buys Andershaw wind farm for £121mn
LONDON, UK: Greencoat UK Wind (UKW) has agreed to acquire Andershaw wind farm from Statkraft UK Limited for a total consideration of £121 million (including cash and working capital). Andershaw is a 35MW wind farm located 2 miles south of Douglas in South Lanarkshire and comprises 11 Vestas V117 3.3MW turbines. The wind farm was…