LONDON: IG Group Holdings plc announced the acquisition of Independent Reserve, a leading cryptocurrency exchange based in Australia, for an initial enterprise value of A$178 million (£86.8m). The bolt-on transaction accelerates IG’s entry into cryptocurrency markets in the Asia Pacific region and brings a talented team of crypto-native specialists to the Group. It complements the…
SYDNEY: Engineering and asset management firm Verbrec Ltd. (ASX: VBC) said Tuesday it has agreed to sell its registered training organization, Competency Training Pty Ltd, to RelyOn Australia Pty Ltd for A$11.5 million in cash. The deal, subject to customary conditions including approval from the Foreign Investment Review Board, will see all staff, facilities and…
Santos shares surge over 15% after $18.7 billion takeover bid ADELAIDE: Santos Limited (ASX: STO), a leading Australian energy company, announced Monday it received a non-binding takeover proposal from a consortium led by Abu Dhabi’s XRG P.J.S.C., a subsidiary of the Abu Dhabi National Oil Company (ADNOC). The bid, valued at US$5.76 (A$8.89) per share, represents…