SYDNEY: Australian medicinal cannabis company Little Green Pharma Ltd (ASX: LGP) has entered into a binding agreement to acquire 100% of rival Cannatrek Ltd via a scheme of arrangement, the companies announced on Wednesday. The all-scrip transaction will see Cannatrek shareholders receive 1.835806 new LGP shares and 0.727502 new contingent value (CV) shares for…
ALPHEN AAN DEN RIJN: Wolters Kluwer Legal & Regulatory has signed an agreement to acquire Libra Technology GmbH (Libra), a Berlin-based provider of AI technology for legal professionals, for up to €90 million, of which €30 million is an upfront payment with the balance being deferred consideration contingent upon reaching certain performance targets. Libra…
OSLO: Norwegian state-owned utility Statkraft AS said on Thursday it has signed deals to sell 13.5 billion crowns ($1.2 billion) worth of assets in the third quarter, a key step in a refocused strategy that comes as the company navigates lower power prices and hedging losses. The divestments, which include its district heating business…
LONDON: Coca-Cola HBC AG has entered into a definitive sale and purchase agreement to acquire a 75% shareholding in Coca-Cola Beverages Africa Pty Ltd (CCBA) from The Coca-Cola Company and Gutsche Family Investments Pty Ltd (GFI) for a combined purchase price of US$2.6 billion, implying an equity value for 100% of CCBA of US$3.4…
PARIS: Technology company Lleida.net (BME: LLN) (EPA: ALLN) (OTCQX: LLEIF) announced Monday that it recorded its best quarter ever between January and March 2025, reporting €5.29 million in sales—up 12% compared to the same period last year. The Spain-based company, which specializes in certification, notification, and registered electronic signature services, also posted an EBITDA…
Sony has announced price hikes for some PlayStation 5 (PS5) gaming consoles in multiple markets, including the United Kingdom, Europe, Australia, and New Zealand. The price increases, effective Monday, come as the company grapples with what it describes as a “challenging economic environment,” citing high inflation and fluctuating exchange rates. In a blog post confirming…
OSLO: Envipco, a global leader in recycling systems and reverse vending machines, announced its Q4 23 results on Thursday, March 7, 2024, showing a remarkable growth in revenues and profits, mainly due to its successful expansion in Europe. The company reported a 165% year-on-year increase in group revenues to EUR 35.4 million, with Europe…
French telecoms group Iliad, led by billionaire Xavier Niel, has agreed to buy a 19.8% stake in Swedish operator Tele2 from investment firm Kinnevik for 13 billion crowns ($1.26 billion), the companies said on Monday. The deal, which values Tele2 at a 13% premium to its closing price on Feb 23, will be completed…
Abu Dhabi, UAE: Aldar Properties, the UAE’s leading real estate developer, investor, and manager, has announced a strategic partnership with Carlyle (NASDAQ: CG), a global investment firm, to invest in logistics and self-storage assets in Europe. The partnership is part of Aldar’s international expansion plan, which aims to diversify its portfolio and tap into…
OSLO, NORWAY: Otovo, Europe’s leading marketplace for solar installations, today announced the launch of a partnership with Swiss solar module manufacturer Meyer Burger Technology Ltd, starting in February. This collaboration underlines the joint commitment to building a more resilient and sustainable energy infrastructure in Europe. As part of this initiative, Meyer Burger’s high-quality solar…
LONDON: A new research report by Information Services Group (ISG), a leading global technology research and advisory firm, reveals that Europe’s intelligent automation landscape is entering a new phase, driven by enterprise demand for hyperautomation and the emergence of generative AI (GenAI) as a major technology disruptor. Hyperautomation is the ability to drive end-to-end…
PARIS, FRANCE: Getlink SE Group, the European leader in transport infrastructure, announced its consolidated revenue for 2023, reaching an all-time high of €1.829 billion. This represents a 15% increase from 2022, and reflects the remarkable performance of the Group’s businesses. The Group reiterates its confidence in its ability to exceed EBITDA of €910 million…