Latest News

Applegreen’s founders in talks to take the company private

0

Applegreen PLC (LON:APGN) soared 40% to 496p after it revealed it is involved in talks that might lead to a cash offer for the company.

A consortium including B&J Holdings Limited, which has a 41.3% stake in the company, and Blackstone Infrastructure Partners are mulling an offer at €5.75 for the petrol station convenience stores operator.

B&J Holdings Limited represents the holdings of Applegreen’s founders, Robert Etchingham and Joseph Barrett, respectively the chief executive officer and chief operating officer of Applegreen.

CML Microsystems Plc (LON:CML) jumped 22% to 63p after it agreed to offload its storage division, Hyperstone, for US$49mln in cash.

The buyer is Swissbit, a specialist producer of industrial-grade data-storage and embedded Internet of Things (IoT) solutions.

The proceeds from the disposal will “provide the group with the financial flexibility to maximise its future growth potential”.

Nonfungible tokens could be the next frontier in crypto development

Previous article

ADM Energy completes acquisition of extra stake in OML 113

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News