AUCKLAND: Seeka Limited has entered into an amalgamation agreement which offers the shareholders of the leading regional integrated kiwifruit business Opotiki Packing and Cool Storage Limited (OPAC) new shares in Seeka Limited. The OPAC shareholders will receive new shares in Seeka at the ratio of 1.4833 Seeka shares for every 1 OPAC share held, valuing…
Tag: Acquire
The word “acquire” is a verb that means to buy or obtain something for oneself, learn or develop a skill, or come to have something as a result of one’s behavior or activities.
Altona signs MoU to acquire Mozambique rare earths mining project
LONDON: Altona Rare Earths has entered into a Memorandum of Understanding (MoU) with Ussokoti Investimetos Limitada to start a legal and technical Due Diligence period of 90 days with a view to acquiring up to 70% in the Monte Muambe Rare Earths Project, via an earn-in arrangement. The tenement is located in Tete Province, Northwestern…
Scotch Creek Ventures to acquire two substantial lithium properties in Nevada
VANCOUVER: Scotch Creek Ventures Inc. has entered into an agreement to acquire two substantial lithium properties in the Clayton Valley, Nevada, a news release said. The two projects, Highlands West and Macallan East, are located in the highly prospective district for lithium exploration and production, which is home to a number of publicly listed companies…
JLEN acquires Rainworth Energy Limited for £5.8 million
LONDON, UK: JLEN Environmental Assets Group Limited has acquired 100% equity stake in Rainworth Energy Limited (REL), for a consideration of £5.8 million subject to adjustment for working capital. REL holds the rights and operational assets that make up the Rainworth anaerobic digestion (AD) plant, a 2.2MW electrical plant based in Nottinghamshire, UK, close to…
Chariot Oil & Gas to acquire renewable and hybrid power developer focused on mining sector in Africa
LONDON: Chariot Oil & Gas, the Africa focused transitional energy company, has signed share purchase agreements (SPAs) for the acquisition of the business of Africa Energy Management Platform (AEMP) for consideration of up to US$2 million payable primarily in Chariot Ordinary Shares, representing up to c.4% of Chariot’s enlarged share capital. AEMP is a renewable…
Halfords Group to acquire Universal Tyre and Autocentres for £15 million
LONDON: Halfords Group has reached agreement to acquire Universal Tyre and Autocentres, a well-established motoring services provider in the South East of the UK, for consideration of £15 million, a news release said. Approximately £9 million of the purchase price relates to the acquisition of real-estate and the net cash position of the business, with…
XLMedia to acquire Sports Betting Dime (SBD) for $26 million
LONDON: XLMedia Plc has entered into an agreement to acquire the business and assets of Sports Betting Dime (SBD) for a total approximate consideration of US$26 million. In addition XLMedia announces its intention to raise gross proceeds of £23 million by means of a placing, a direct subscription with the Company and an Open Offer….
Supply@ME to acquire Singapore based commodities trade enabler
LONDON: Supply@ME Capital plc, the innovative fintech platform which provides the Inventory Monetisation service to manufacturing and trading companies, has signed Heads of Terms (HoT) for the acquisition of a leading FinTech-powered commodities trade enabler, focused on SMEs, based in Singapore. The acquisition will allow SYME’s Platform to complete its global offering, by monetising inventory…
Meltwater acquiring social media intelligence company Linkfluence for EUR 50 million
OSLO: Meltwater announced agreement to acquire leading social media intelligence company Linkfluence for EUR 50 million in a combination of cash, equity, and earn-out Meltwater B.V., a leading global provider of media intelligence and social analytics, has entered into an agreement under which it is committed to acquire Linkfluence, a French SaaS company using artificial…
Acumentis agrees to acquire Tasmania based Saunders & Pitt
SYDNEY: Acumentis Group Limited has exchanged on an unconditional agreement to acquire the business and assets of Saunders & Pitt, a valuation business operating in Tasmania. The acquisition will complete effective 31 March 2021, a news release said. Saunders & Pitt is an independent property valuation and consultancy firm which has a long history within…
Kistos Plc signs binding agreement to acquire Tulip Oil Netherlands
LONDON: Kistos Plc, the closed-ended investment company, has entered into a binding share purchase agreement to acquire the entire issued and outstanding share capital of Tulip Oil Netherlands B.V. (TON) from Tulip Oil Holding B.V (TOH). Proposed transaction: · Kistos proposes the acquisition of TON, which, via its wholly-owned subsidiary, Tulip Oil Netherlands Offshore B.V….
Savor Limited to acquire Hipgroup venues; Amano, Ortolana and The Store
AUCKLAND: Savor Limited has agreed to acquire the Hipgroup venues; Amano, Ortolana and The Store, as part of its focus on growing its hospitality business, a news release said. The purchase price comprises a cash payment of $7.15 million on completion, $1 million of ordinary shares in Savor Limited to be issued on completion (subject…