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Key news from the Proactive Investors UK press room.
Rockhopper Exploration agreed to sell its Egyptian badets to United Oil and Gas (LON: UOG) for US $ 16 million. The main badet that changes hands is a direct 22% stake in Abu Sennan's concession. United says it will fund the deal through a stock issue.
The Seeing Machines (LON: SEE) driver safety monitoring platform has been selected for inclusion in other models by a reputable but unnamed German car manufacturer. The equipment will include variants compliant with the incoming protocols of the European New Car Assessment Program.
The Nektan online gaming platform (LON: NKTN) is to enter the African market through a partnership with Betika and BetLion, two of the continent's largest online bookmakers.
The bad weather in the UK got the better of sales of Fevertree tonics. The turnover was up 13% to £ 117 million over its last full year, but was held back by the UK, which recorded only an increase of 5 %.
Lloyds Bank has to pay £ 140 million to Standard Life Aberdeen to settle their dispute over a £ 100bn fund management contract. A court informed the bank in March that he could not terminate the contract, which will now remain in the hands of the fund manager for three years.
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