LONDON: Hargreaves Services plc announced an acquisition by its German associate company, Hargreaves Raw Material Services GmbH (HRMS), which furthers its strategy of creating an integrated specialist manufacturing and minerals trading business in Germany’s industrial heartland. Hargreaves has acquired 94.9% of DK Recycling und Roheisen GmbH (DK) from DK Holdings GmbH. The acquisition cost was…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
Danakali receives $50mn strategic investment from AFC
LONDON: Danakali Limited, a potash company focused on the development of the Colluli Sulphate of Potash Project, has received the proceeds of the first tranche of its US$50 million strategic equity investment from Africa Finance Corporation (AFC). AFC’s strategic equity investment is part of the overall funding package for development and construction of the Colluli…
Watches of Switzerland acquires four new showrooms for £31.7mn
LONDON: The Watches of Switzerland Group has entered into an agreement with Fraser Hart Limited to purchase four luxury watch and jewellery showrooms trading under the brand name Fraser Hart for £31.7 million. The showrooms in Stratford, Brent Cross, Kingston and York will expand the Group’s UK store portfolio in strategic locations that align with…
DeepMatter collaborates with AstraZeneca to improve productivity of compound synthesis
LONDON: DeepMatter Group has collaborated with AstraZeneca to use innovative digital technologies with the aim of improving the productivity and reproducibility of compound synthesis. DeepMatter’s long term strategy is to integrate chemistry with technology, thereby enabling a greater use of artificial intelligence and reaching a point where chemicals can be autonomously synthesised through robotics Scientists…
Emirates NBD rings DFM’s bell to celebrate new listings
DUBAI, UAE: Dubai Financial Market (DFM) hosted a bell ringing ceremony to celebrate the successful issuance and listing of the new shares issued by Emirates NBD, through the Rights Issue. Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of the Bank rang the market opening bell in the presence of His Excellency Essa Kazim,…
MISSION launches a global competition for brands with big ambitions
LONDON: The Mission Group has launched a global competition offering £50,000 of world class consultancy to help inspiring brands get closer to their ultimate ambition. Demonstrating its recent repositioning as “the alternative group for ambitious brands”, MISSION has launched a global competition for brands with big ambitions, inspiring ideas and compelling stories – offering £50,000…
SUDA Pharmaceuticals sign co-development deal with Spanish Laboratorios Ordesa
PERTH, AUSTRALIA: SUDA Pharmaceuticals Ltd has entered into a fully-funded, feasibility study and option agreement with Laboratorios Ordesa, S.L., a Spanish pharmaceutical company that focuses on nutrition, health and well-being. The two companies intend to co-develop a major consumer product for the paediatric market which SUDA anticipates will benefit from an improved patient delivery route…
Astellas enters into agreement to acquire Audentes Therapeutics
TOKYO: Astellas Pharma Inc. and Audentes Therapeutics Inc. have entered into a definitive agreement for Astellas to acquire Audentes at a price of US$60.00per share in cash, representing a total equity value of approximately US$3 billion. “Recent scientific and technological advances in genetic medicine have advanced the potential to deliver unprecedented and sustained value to…
Danakali Limited signs $50mn strategic investment from AFC
LONDON: Danakali Limited has entered into a subscription agreement with Africa Finance Corporation (AFC) for a placement of fully paid ordinary shares to raise US$50 million. The Placement will be part of the overall funding package used for the development and construction of the Colluli Sulphate of Potash Project (Colluli or the Project) in the…
AstraZeneca divests rights to Seroquel and Seroquel XR for $35 million
LONDON, UK: AstraZeneca has agreed to sell the commercial rights to Seroquel and Seroquel XR in the US and Canada to Cheplapharm Arzneimittel GmbH. Cheplapharm will make an upfront payment of $35 million to AstraZeneca and may also make future sales-contingent payments of up to $6 million. Seroquel and Seroquel XR, used primarily to treat…
Marlowe Plc acquires Law At Work for £6.3 million
LONDON, UK: Marlowe plc, the specialist services group focused on developing companies which assure regulatory compliance and safety, has acquired Law At Work (Holdings) Limited for an initial consideration of £6.3 million. Established in 2001 and headquartered in Glasgow, Law At Work (LAW) is a leading national provider of subscription-based employment law compliance and health…
Olam Orchards sells permanent water rights in Australia for A$490mn
SINGAPORE: Olam Orchards Australia has announced sale of permanent water rights in Australia to PSP Investments, one of Canada’s largest pension investment managers, for A$490 million. Olam Orchards is a subsidiary of global food and agri-business, Olam International Limited. Olam Orchards Australia (OOA) entered into an agreement to sell 89,085 megalitres of its permanent water…