SYDNEY: Galilee Energy Ltd. has entered a binding agreement to sell its Glenaras Gas Project to Novus Energy Production Co. Pty Ltd. for an undisclosed sum, the company announced Monday, as it pivots to concentrate on building a U.S. Gulf Coast oil…
COPENHAGEN: WeRide, a Chinese autonomous driving technology company, and GreenMobility, Denmark’s leading shared electric mobility provider, announced Monday a strategic partnership to launch autonomous shared mobility services in Denmark, pending regulatory approval. The deal marks WeRide’s first move into the Nordic region and…
PERTH,: Vysarn Limited (ASX: VYS), a vertically integrated water services company, announced Tuesday it has entered into a binding agreement to acquire Technologies International Group Pty Ltd, which trades as Welltech, in a deal valued at up to $47.25 million….
KUWAIT CITY: In a landmark move that marks the largest foreign direct investment in Kuwait’s history, state-owned Kuwait Petroleum Corporation (KPC) announced today that its subsidiary Kuwait Oil Company (KOC) has signed a $16.0 billion lease-and-lease-back agreement involving its entire domestic and export…
LONDON: Aston Martin Lagonda Global Holdings PLC said Wednesday it has secured £550 million ($735.57 million) in new debt financing led by funds managed by BlackRock-owned HPS Investment Partners, strengthening liquidity at the loss-making luxury automaker. The financing consists of…
NEW YORK: MN8 Energy Holdings LLC, a renewable energy power producer with more than 4.3 GW of capacity across 29 states, announced Monday it has agreed to acquire Greenbacker Renewable Energy Company LLC in a cash-and-equity transaction valued at up to approximately $375…
SYDNEY: Australian mining magnate Dr Andrew Forrest AO has agreed to acquire a 16.8% interest in EQ Resources Ltd from Oaktree Capital Management, in a move that underscores rising investor confidence in Western critical mineral supply chains. The transaction, executed through Wonongarra Pty Ltd,…
STOCKHOLM: Lindab Group acquires Irish ventilation distributor Connaught Ventilation Supplies (CVS). With the acquisition, Lindab Group will be established in western Ireland, a region with high construction activity, a statement said. Connaught Ventilation Supplies Limited (CVS) is a distributor of ventilation products based…
FRANKFURT: German defense startup Helsing announced Monday that it closed a $1.8 billion funding round, pushing its valuation to $18 billion — a striking marker of investor appetite for European defense technology. The round drew both new and returning backers, including JPMorgan Chase…
HELSINKI: Finland’s banking sector is set for a major consolidation as S-Bank Plc announces a voluntary recommended public cash tender offer of €17.20 per share for all outstanding shares in Oma Savings Bank Plc, valuing the target at approximately €571.4 million. The offer…
Apple is deepening its ties with chipmaker Broadcom through a new multi-year agreement expected to top $30 billion, the tech giant announced Wednesday. The deal represents Apple’s largest domestic manufacturing commitment to date. What the Deal Includes Under the agreement, Broadcom…
NEW YORK: Google has thrown its weight behind Proxima Fusion, a Germany-based startup aiming to build Europe’s first commercial fusion power plant, joining a 411 million euro ($468 million) funding round the company announced Tuesday. The investment pushes Proxima’s valuation to $2.7 billion and…