LONDON: JLEN, the listed environmental infrastructure fund, announced the acquisition of Warren Power Limited (WPL) for an initial consideration, including working capital, of £14.8 million subject to additional deferred payments up to £0.8 million. WPL owns 100% of the equity in Warren Energy Limited (WEL), which holds the rights and operational assets that make up…
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Dechra Pharmaceuticals acquires Ampharmco LLC for $30mn
LONDON, UK: The Board of Dechra Pharmaceuticals has announced the acquisition of Ampharmco LLC (APC) and its associated holding companies, Dragon Fire Holdings LLC and Black Griffin Holdings LLC together with its manufacturing site based in Fort Worth, Texas, for a cash consideration of USD 30.0 million (£24.5 million). APC was originally founded in 1999…
Oakley Capital announces investment in leading design company Alessi
LONDON: Oakley Capital Investments Limited announced that Oakley Capital Private Equity III has completed an investment in Alessi S.p.A (Alessi), the Italian high-end design business focused on home ware products. Alessi is an iconic homeware brand with 100 years of heritage; working with some of the world’s leading architects and designers it has captured a…
DGO to acquire assets in the State of Ohio from EdgeMarc Energy Holdings
LONDON: Diversified Gas & Oil (DGO), the U.S. based owner and operator of natural gas, natural gas liquids, and oil wells as well as midstream assets, announced that the asset purchase agreement with EdgeMarc Energy Holdings, LLC, and certain of its subsidiaries, has been approved by the Seller and the United States Bankruptcy Court. Accordingly,…
Tullow announces termination of farm-down agreement with Total and CNOOC in Uganda
LONDON: Tullow Oil announced it has been informed that its farm-down to Total and CNOOC will terminate at the end of 29 August 2019, following the expiry of the Sale and Purchase Agreements (SPAs). Tullow has been unable to secure a further extension of the SPAs with its Joint Venture Partners, despite previous extensions to…
Trendlines Group’s ApiFix receives FDA regulatory approval
MISGAV, ISRAEL: The Trendlines Group Ltd. announced on Wednesday that its portfolio company ApiFix Ltd., a leading scoliosis correction company and one of Trendlines’ ten most valuable companies, received regulatory approval from the United States Food and Drug Administration (FDA) to commercialize its MID-C System for motion-preserving deformity treatment of progressive adolescent idiopathic scoliosis (AIS).…
Sativa completes initial phase of Goodbody CBD Wellness store chain
LONDON: Sativa Group Plc, the UK’s leading quoted CBD Wellness and medicinal cannabis Group, has completed the initial phase of its Goodbody CBD Wellness store chain, choosing Clifton, Bristol as the third and final location for proof-of-concept, alongside Bath and Cirencester. The Group is now actively seeking franchisees to participate in its comprehensive, full-support national…
El Corte Inglés announces merger by absorption of Bricor
MADRID: The general shareholders’ meeting has given the green light to the merger by absorption of Bricor (the absorbed company) by El Corte Inglés (the absorbing company), in line with the plans filed before the commercial registry. The merger is part of a process of integration and optimisation, which began with the merger of Hipercor,…
Anglo American appoints Goldman Sachs
LONDON: Anglo American Plc has appointed Goldman Sachs in connection with its previously announced $1 billion share buyback programme Further to the announcement on 25 July 2019 in respect of the commencement of a share buyback programme of up to $1 billion, Anglo American plc announced that it has now entered into an agreement with…
Stephen Wilson appointed Chief Executive of Genus Plc
LONDON: Genus plc, an animal genetics company, announced that Stephen Wilson, currently Group Finance Director, has been appointed by the Board as Chief Executive with effect from the close of business on 13 September 2019. This follows the announcement of 25 March 2019 that Karim Bitar will be stepping down from the Board and taking…
Singtel Group prices US$750 million 10-year notes at 2.375%
SINGAPORE: Singtel announced that its wholly-owned subsidiary, Singtel Group Treasury Pte. Ltd. (SGT), has priced US$750 million of 10-year notes guaranteed by Singtel. The issue of notes attracted strong demand from a wide range of high quality investors. The order book closed after receiving interest of approximately US$2.7 billion and was 3.6 times oversubscribed by…
Sumitomo Life Insurance acquires AIARU Small Amount & Short Term Insurance Co
TOKYO: Sumitomo Life Insurance Company has acquired AIARU Small Amount & Short Term Insurance Co., as a subsidiary through a stock purchase on August 21, 2019, Customnews.pk reported. AIARU is a small-amount and short-term insurance company that flexibly develops and sells products in response to specific market needs. AIARU has developed a variety of unique…