LONDON, UK: British Land and Royal London Asset Management Property have announced the creation of a 50:50 joint venture, set to transform 1 Triton Square into a premier science and innovation hub at Regent’s Place. The partnership, valuing the property at £385 million, aims to expedite the development of this cutting-edge facility. The joint venture…
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Integrative Life and Integrative Health merge to create Peregrine Health
Two companies that provide mental and behavioral healthcare services have merged to form a new company called Peregrine Health, Inc. (Peregrine). The merger was announced today, along with a $7M Series A fundraising round led by BIP Ventures. Peregrine Health is a combination of Integrative Life Network, LLC (ILN) and Integrative Health Centers, Inc. (IHC)….
CoTec and Maginito to launch rare earth magnet recycling joint venture in US
CoTec Holdings Corp. and Mkango Resources Ltd. have announced a 50:50 joint venture to roll out HyProMag’s rare earth magnet recycling technology in the US. HyProMag is a subsidiary of Maginito, which is owned by Mkango and CoTec. The joint venture, HyProMag US, will use HyProMag’s Hydrogen Processing of Magnet Scrap (HPMS) technology to recover…
Aviva plc agrees to sell its 25.9% stake in Singapore Life Holdings for £0.5 billion
LONDON, UK: Aviva plc has agreed to sell its 25.9% stake in Singapore Life Holdings Pte Ltd (Singlife), together with two debt instruments, to Sumitomo Life Insurance Company for total consideration of £0.8 billion (SGD 1.4 billion) payable in cash at closing. Sumitomo Life will pay consideration of £0.5 billion (SGD 0.9 billion) for Aviva’s…
Molten Ventures launches Irish focused fund to back high-growth tech companies
LONDON, UK: Molten Ventures plc (Molten), a leading venture capital firm investing in and developing high-growth digital technology businesses, today announces the launch of its Irish focused fund, with investment from existing Molten shareholder Ireland Strategic Investment Fund (ISIF), to back high-growth technology companies whose core activities, management and expertise are located in the Republic…
Emirates Stallions Group and Q Holding launch “Century Village” joint venture
Abu Dhabi, UAE: Emirates Stallions Group (ADX: ESG) and Q Holding, two prominent companies in Abu Dhabi, have announced the establishment of a joint venture called “Century Village.” This partnership aims to develop and manage a state-of-the-art staff accommodation project on Al Reem Island, with a total investment of AED 320 million. The project’s vision…
EU proposes cybersecurity label for cloud service providers with joint venture requirement for non-EU companies
According to a draft document seen by Reuters, Amazon, Alphabet’s Google, Microsoft, and other non-European Union (EU) cloud service providers seeking to handle sensitive data and secure an EU cybersecurity label will need to form a joint venture with an EU-based company. The cloud service must be operated and maintained from the EU, and all…
BP to acquire Shell’s 27% stake in Browse joint venture, expanding Australian gas resources
SYDNEY, AUSTRALIA: BP has agreed to acquire Shell’s 27% stake in the Browse joint venture, thus extending its holding in Australia’s largest untapped gas resource. This deal may improve the development prospects for the long-stalled project. The Browse project, which is estimated to cost $20.5 billion, has been stuck on the drawing board for years…
Pires Investments to invest up to €5 million over the 10-year life of SVV3 Fund
LONDON, UK: Pires Investments plc (AIM: PIRI), the investment company focused on next generation technology, has agreed to invest in a new venture capital fund, Sure Valley Ventures III Limited Partnership (SVV3 Fund), alongside Enterprise Ireland which is the cornerstone investor. The SVV3 Fund has received commitments of €30 million at first close, of which…
ATOME forms joint venture in Central America for green ammonia and fertiliser projects
LONDON, UK: ATOME Energy (AIM: ATOM) announced a new joint venture developing green ammonia and fertiliser projects with the focus on Central America and the Caribbean. ATOME has entered into a joint venture with Cavendish, the renewable energy arm of Grupo Purdy S.A., one of the largest corporations in Costa Rica. ATOME and Cavendish have…
Bioxyne Limited will acquire Breathe Life Sciences in a share exchange deal
SYDNEY, AUSTRALIA: Bioxyne Limited (ASX:BXN) has executed a binding term sheet with BLS and its majority shareholders to acquire health and wellness company, Breathe Life Sciences Pty Ltd (BLS). Consideration for the acquisition is 1,230,000,000 fully paid ordinary shares in Bioxyne Limited, at a deemed issue price of $0.03 per share. The consideration shares will…
Alpha Dhabi launches lifestyle vertical with investment in Nammos Group
ABU DHABI, UAE: Alpha Dhabi Holding, one of the fastestgrowing investment holding companies in the UAE listed on the Abu Dhabi Securities Exchange (ADX: Alphadhabi), announces that it has acquired an interest in Nammos Group as a result of its joint venture partnership with Monterock International, an international investment company with a focus on hospitality…