Rio Tinto, has agreed to buy U.S. based Arcadium Lithium for $6.7 billion, it said on Wednesday, a deal that will catapult it to become the world’s third largest miner of the metal used in electric vehicle...
Stellantis set to secure Italian approval for Comau stake sale, says source
Carmaker Stellantis is on course to secure Italian government backing for its planned sale of a majority stake in robotics business Comau to One Equity Partners, a source close to the matter said on Wednesday. So-called...
GXO Logistics explores sale after receiving takeover interest, source says
GXO Logistics, a provider of logistics services with a market value of roughly $6 billion, is exploring a potential sale after receiving takeover interest, according to a person familiar with the matter. GXO, which was...
Oil Brokerage acquires rival Blue Commodities
Global commodities broker Oil Brokerage said on Wednesday it had acquired rival Blue Commodities, as it seeks to increase its presence in physical oil market broking. Oil Brokerage, a subsidiary of OTC Global Holdings...
Woodside completes $1.2 bln Tellurian acquisition
Woodside Energy said on Wednesday it has completed the acquisition of U.S. liquefied natural gas developer Tellurian, including its U.S. Gulf Coast LNG export project, for $1.2 billion including debt. Last week...
Honeywell to spin off advanced materials unit in CEO’s growth push
Honeywell will spin off its advanced materials unit into a publicly traded company, the U.S. conglomerate said on Tuesday, simplifying its business to sharpen its focus on aviation, automation and energy transition. The...
China’s Zijin Mining to buy Newmont’s Ghana gold project for $1 bln
China’s Zijin Mining Group will buy the Akyem Gold Mine Project in Ghana from U.S.-based Newmont Corp for $1 billion, the companies said on Wednesday. The sale is a part of Newmont’s ongoing programme to...
Amazon merges miniTV with MX Player to create a free streaming giant
Amazon is merging MX Player with miniTV to create a new ad-supported streaming platform branded as Amazon MX Player. This merger aims to offer a wide range of premium, free content to over 250 million users, making it...
Chevron to sell assets for $6.5 bln to Canadian Natural Resources
Chevron is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources for $6.5 billion, the oil giant said on Monday as it puts in motion its divestiture plan. The all-cash deal, which is...
Equinor buys 9.8% stake in offshore wind developer Orsted
Norway’s Equinor has bought a 9.8% stake valued at around $2.5 billion in Danish offshore wind farm developer Orsted, it said on Monday, as it seeks to build up its renewables portfolio. Orsted shares have dropped...
Saudi Arabia’s PIF eyeing stake in sports streamer DAZN, sources say
Saudi Arabia’s Public Investment Fund is among potential bidders exploring the purchase of a minority stake worth around $1 billion in DAZN, the sports-streaming group backed by billionaire Len Blavatnik, two...
3i Infrastructure receives offer worth $339 million for Valorem stake
Investment firm 3i Infrastructure has received a binding offer worth 309 million euros ($339 million) for its minority stake in French renewable energy developer Valorem, it said on Monday, amid growing investor...
