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Top story
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Millennium Plaza problem as Hawtin sells up
Richard Hayward, the chief executive of property company Hawtin, is close to taking the company’s £31m industrial portfolio private. Shareholders in Hawtin, which is based near Newport, will vote on a bid from Hayward’s Gracelands Investments vehicle on 31 March. But Hawtin expressed frustration with the sale process for its Millennium Plaza complex in Cardiff, which creditor Anglo Irish Bank is trying to sell through receivership.
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Deals
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GlobalX swoops for 7Side
Cardiff-based information services business 7Side has been bought by GlobalX Information Services, an Australian company specialising in the legal, property and commercial information sectors.
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Avia looks overseas after raising £600,000
Avia, the group behind Colwyn Bay's Plain Healthcare software company, has raised about £600,000 through a placing at 50p per share. The cash will be used to fund initiatives for international growth.
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Cellnovo raises £30m
Cellnovo, a medical hardware developer based in Swansea and London, has raised £30m in a funding round led by Edmond de Rothschild Investment Partners (EdRIP).
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EIB provides £100m loan for Welsh Water
Dwr Cymru Welsh Water has signed a £100m loan agreement with the European Investment Bank to secure funding for improvement schemes throughout Wales.
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Stone Monkey may return following acquisition
Llanberis-based DMM International has sold its dormant clothing subsidiary Stone Monkey to a private group led by David Clark.
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Companies
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SSE cools on Baglan power station plan
Scottish and Southern Energy, the owner of electricity company Swalec, has scaled back and delayed plans for a gas power station at Abernedd in Baglan Bay. It blamed medium term economic challenges and uncertainty over electricity market reform.
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Government and politics
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Jones pushes for dot cymru internet domain
Ieuan Wyn Jones, the deputy first minister, is lobbying the organisation which assigns internet names to create a top level internet domain - .cymru - for companies and other groups in Wales.
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