Economic and Market News for 27 December 2017

  • 27 Dec
    SQS takeover cleared by German competition authority

    The proposed takeover of SQS Software Quality Systems by Assystem Services Deutschland has received clearance from the German competition authority. Notice from the Austrian competition authority...

  • 27 Dec
    Clear Leisure switches interests to Bitcoin mining blockchain data

    Clear Leisure has established a new technology venture which will include interests in a 3D mapping business and a proposed Bitcoin mining blockchain data centre. It plans to add more IT interests...

  • 27 Dec
    Shire seeks FDA approval for new US plasma manufacturing facility

    Rare disease specialist Shire has filed its first submission to the US Food & Drug Administration for the company's new plasma manufacturing facility in Covington, Georgia. The facility is...

  • 27 Dec
    Vedanta takes stake in LCD glass substrate expert

    Diversified mining and oil/gas group Vedanta Resources is to invest $158m to gain a controlling stake in Japanese LCD glass substrate manufacturer ASI. It will invest $151m in existing ASI debt...

  • 27 Dec
    Alcentra European Floating Rate IF buys back shares

    Alcentra European Floating Rate Income Fund bought back 500,000 ordinary shares on 22 Dec at the weighted average price of 98.25p apiece for cancellation. At 8:50am: (LON:AEFS) Alcentra European...

  • 27 Dec
    Summit in £10m antibiotics R&D deal

    Summit Therapeutics is to pay £10m in cash and shares for Discuva whose principal asset is a genetics-based technology platform for the generation of antibiotics. The company believes the deal...

  • 27 Dec
    Nostra Terra upbeat on US activities

    Nostra Terra said it would undertake commercial flow testing in January 2018 for its Twin Well in Texas. It added that recent work was consistent with information received from a neighbouring...

  • 27 Dec
    DP World $59.9m coupon payment

    DP World has confirmed the periodic coupon distribution for the group's $1,750,000,000 6.85% notes due 2037. It said that $59,937,500 would be distributed to note holders on 2 Jan. Story...

  • 27 Dec
    VPC Specialty Lending sells Prosper marketplace loans

    VPC Specialty Lending Investments has sold its Prosper marketplace loans. The loans represented c4.1% of the company's net asset value (NAV) as at 31 October 2017. The sale reduces VPC's...

  • 27 Dec
    Thor Mining appoints new executive director, updates on project work

    Thor Mining has promoted exploration manager Richard Bradey to the role of executive director. The company also said it should have enough money to fund activities until the end of 2018. The...

  • 27 Dec
    VinaCapital Vietnam Opportunity Fund invests in HDBank ahead of IPO

    Investment trust VinaCapital Vietnam Opportunity Fund has invested in Ho Chi Minh City Development Joint Stock Commercial Bank. The business is better known as HDBank and is a leading private...

  • 27 Dec
    Condor files final prospectus

    Condor Gold has received a receipt from the Ontario Securities Commission for its final non-offering prospectus ( and has, accordingly, become a reporting issuer in the Province of Ontario. As...

  • 27 Dec
    Wey Education completes A21 deal

    Online education provider Wey Education has completed the acquisition of UK firm Academy 21. The £1.593m cash consideration may rise to £1,600,000 million dependant on the collection of certain...

  • 27 Dec
    Rio Tinto completes $1.5bn buyback and starts another worth $1.925bn

    FTSE 100 miner Rio Tinto said it has completed its $1.5bn share buyback programme announced in two stages during 2017. It will today start to buy back a further $1.925bn worth of shares, to be...

  • 27 Dec
    3i Infrastructure to acquire majority position in WIG

    3i Infrastructure has agreed to increase its investment in Wireless Infrastructure Group and to acquire the stake owned by Barings LLC's client accounts. The expected investment by 3i...

  • 27 Dec
    Royal Dutch Shell expects to benefit from US tax changes

    Oil producer Royal Dutch Shell says it should benefit from US tax changes primarily due to the reduction in the US corporate income tax rate from 35% to 21%. The changes are effective from 1...

  • 27 Dec
    IWG confirms approach by consortium

    IWG has confirmed it has received an indicative proposal from funds managed by affiliates of Brookfield Asset Management and Onex Corporation or its affiliates regarding a possible cash offer for...

  • 27 Dec
    Draper Esprit portfolio company Clavis sold for $119m

    Draper Esprit has announced the sale of portfolio company Clavis Insight to Ascential for an initial cash consideration of $119m. Draper Esprit originally invested £8.1m in Clavis in December...

  • 27 Dec
    Euromoney completes sale of Dealogic stake

    Euromoney Institutional Investor, the international business information and events group, has completed the sale of its minority equity stake in Dealogic on the terms set out in its announcement...

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