LONDON: The boards of Aberdeen Equity Income Trust Plc and Shires Income PLC said on Thursday they have agreed to combine the two investment trusts, creating a larger entity with over £289 million in assets to cut costs and boost liquidity. The deal will be structured as a scheme of reconstruction of Shires Income…
LONDON: Sintana Energy Inc. (TSXV: SEI) (OTCQX: SNNAF) and Challenger Energy Group PLC (AIM: CEG) announced Wednesday they have reached an agreement on a recommended all-share offer by which Sintana will acquire the entire issued share capital of Challenger. The acquisition, valued at approximately £45 million (C$84 million), will be effected through a Court-sanctioned…
LONDON: Ricardo PLC said Tuesday that the High Court of Justice has sanctioned its recommended final cash acquisition by WSP Group Limited, a wholly owned subsidiary of WSP Global Inc., paving the way for the deal to become effective on Oct. 9. The acquisition, first announced on June 11, will be implemented through a…
LONDON: The High Court of Justice in England and Wales has sanctioned the proposed acquisition of Trakm8 Holdings plc by Brillian UK Limited, clearing the way for the deal to become effective next week. The acquisition, first announced on May 1, 2025, involves Brillian UK—a company within the Omegro portfolio and wholly owned indirectly…
PERTH: Santa Fe Minerals Ltd. said Thursday it has entered into binding agreements to acquire the Eburnea Gold Project in Côte d’Ivoire from Turaco Gold Ltd., marking a strategic move into West Africa’s gold-rich terrain. The acquisition comprises two tenements: the granted Satama Permit (PR544), where Santa Fe will hold 100%, and the Bouake…
SYDNEY: Multistack International Limited (ASX: MSI) announced Friday that it plans to sell all assets and liabilities to Super Link Company Limited, marking an end to its current operations amid ongoing financial challenges. The Australian-based industrial air conditioning firm, which operates primarily through Multistack Australia Pty Ltd, has been grappling with continued losses. In…
LONDON: Fidelity European Trust PLC (FEV) and Henderson European Trust PLC (HET) announced Thursday they have agreed to combine in a deal that will create the U.K.’s largest closed-ended investment vehicle focused on Europe, with anticipated net assets exceeding £2.1 billion ($2.7 billion). The proposed merger, structured under a scheme of reconstruction under the…
SINGAPORE: ST Group Food Industries Holdings Ltd. has disposed of three indirect subsidiaries operating under the Gong Cha brand in the United Kingdom, citing ongoing losses and a strategic shift toward franchising and supply chain operations. The disposal, completed through ST Group’s indirect subsidiary GCTea Ltd., transfers ownership of GCTea Outlets Ltd., GCTea Outlets…
SYDNEY: Northern Star Resources Ltd and De Grey Mining Ltd have agreed to merge in a deal valued at approximately $5 billion. Under this arrangement, Northern Star will acquire all shares of De Grey, including its flagship Hemi gold project in Western Australia. Hemi is one of the largest undeveloped gold projects globally, with…