U.S. power equipment maker GE Vernova said on Monday it has acquired the remaining ownership stake in a Saudi gas turbine producing joint venture from state-owned Dussur. The former unit of General Electric had agreed...
Blackstone-led consortium nears $13.5 bln deal to acquire AirTrunk, source says
A consortium led by Blackstone is nearing a deal to acquire Australian data centre group AirTrunk for A$20 billion ($13.53 billion) including debt, a person with knowledge of the situation said on Monday. Blackstone and...
China’s Sinochem plans to exit US shale JV with Exxon, sources say
Chinese state-backed oil and chemicals company Sinochem is planning to sell its 40% stake in a U.S. shale joint venture with oil major Exxon Mobil, valued upwards of $2 billion, people familiar with the matter told...
Billionaire Buffett again sells BofA shares worth about $845 million
Billionaire Warren Buffett’s Berkshire Hathaway has once again cut its stake in Bank of America with a share sale worth roughly $845 million, a regulatory filing showed on Friday. The conglomerate run by one of...
YPF Eyes Sale of Lithium Unit as Focus Narrows on Shale Ramp-Up
Argentine state-run oil company YPF SA is considering a sale of its lithium unit as part of a sweeping divestment strategy to streamline investments into the heralded Vaca Muerta shale patch. Executives are mulling an...
Chinese EV maker BYD to buy German car distributor Hedin Electric
China’s BYD will buy its German distributor Hedin Electric Mobility, BYD and Hedin said on Friday, as BYD moves to establish itself as a major electric vehicle maker in Europe. BYD Automotive GmbH will take charge...
SIX Group explores options for financial information unit, sources say
Swiss stock market operator SIX Group is weighing options for its financial information unit, including potentially merging it with another player, according to three people with knowledge of the matter. The group wants...
VivoPower’s Tembo E-LV to go public via $904 mln SPAC deal
Tembo E-LV, a unit of power infrastructure developer VivoPower International, said on Thursday it has agreed to go public through a merger with blank check firm Cactus Acquisition in a deal that would value the new...
UK’s Sainsbury’s agrees deal to acquire 10 Homebase stores
Britain’s second-largest supermarket group, Sainsbury’s, said on Thursday it had agreed to acquire 10 leasehold stores from home improvement retailer Homebase to covert into supermarkets. Sainsbury’s...
ONEOK to buy EnLink stake, Medallion Midstream from GIP in two deals worth $5.9 bln
U.S. pipeline operator ONEOK said on Wednesday that it struck two deals worth $5.9 billion with infrastructure investor GIP to boost its presence in the Permian Basin as well as mid-continent, North Texas and Louisiana...
Qatar in talks on possible purchase of Rosneft stake in German refinery, report says
Qatar is in talks with the German government over possibly buying Russian energy group Rosneft’s stake in Germany’s PCK Schwedt refinery, which Berlin placed under trusteeship following Russia’s...
Repsol calls off sale of Norwegian subsidiary, sources say
Spanish oil company Repsol has called off the sale of its Norwegian unit, Repsol Norge AS, according to three sources with knowledge of the negotiations. Repsol enlisted investment bank Rothschild to manage the sale...
