Category: Deal
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Maersk Secures Green Ship Fuel in Supply Deal With China’s Longi
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Breadcrumb links BMN Business Shipping giant AP Moller-Maersk A/S has struck a long-term supply deal for clean biomethanol from a Chinese facility, the latest iteration in its search for low-emission marine fuels. Article writer: Bloomberg News Jack Whittles and Sarah Sjolin Posted on October 30, 2024 • 2 min read…
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Defense Ministry signs NIS 2b laser defense system deal
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Director General of the Israeli Ministry of Defense, General Eyal Zamir (res.), last night signed an order worth NIS 2 billion to expand serial production of Iron Beam – the first laser interceptor system developed by Israel. As part of the agreement concluded between the Directorate of Defense Research and…
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Court freezes Sh96bn Ketraco-Adani electricity transmissions lines deal
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The Supreme Court has barred the government from signing a Sh95.68 billion deal to build electricity transmission lines for Adani Energy Solutions Limited, a subsidiary of India’s Adani Group. The Law Society of Kenya (LSK) has obtained an order charging the government with signing the Special Project Agreement with Adani…
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Collective Mining Increases Previously Announced Bought Deal Financing to C$35 Million
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Oct 25, 2024 • 6 minute…
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Collective Mining Increases Previously Announced Bought Deal Financing to C$35 Million
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Oct 25, 2024 • 6 minute…
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UK Government nets £1.5bn profit from Octopus-Bulb deal, closing the bailout chapter
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The UK government has secured a £1.5bn windfall following Octopus Energy’s takeover of collapsed energy supplier Bulb, marking the conclusion of the Bulb rescue saga. Octopus Energy has paid more than £3bn to the government, providing a major financial boost amid pressing budget constraints. The government intervened in November 2021…
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UK Government nets £1.5bn profit from Octopus-Bulb deal, closing the bailout chapter
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The UK government has secured a £1.5bn windfall following Octopus Energy’s takeover of collapsed energy supplier Bulb, marking the conclusion of the Bulb rescue saga. Octopus Energy has paid more than £3bn to the government, providing a major financial boost amid pressing budget constraints. The government intervened in November 2021…
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Japanese lenders, TDB in Sh1.86bn loan deal for Menengai power project
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Two Japanese banks in partnership with the Trade and Development Bank of East and Southern Africa (TDB) have loaned British company Globelec $14.4 million (Sh1.86 billion) to finance the purchase of power generation equipment for the upcoming 35 MW geothermal power plant in Meningai, Nakuru County. . Under the joint…
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Japanese lenders, TDB in Sh1.86bn loan deal for Menengai power project
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Two Japanese banks in partnership with the Trade and Development Bank of East and Southern Africa (TDB) have loaned British company Globelec $14.4 million (Sh1.86 billion) to finance the purchase of power generation equipment for the upcoming 35 MW geothermal power plant in Meningai, Nakuru County. . Under the joint…
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Boeing strike: union reaches new deal on wage hike, 401k
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Boeing and the union representing 33,000 striking workers have reached a new agreement to end a work stoppage that has paralyzed the company’s aircraft manufacturing business for more than a month and strained its finances. The proposal reached overnight in Seattle includes a 35% pay increase spread over four years,…
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Boeing strike: union reaches new deal on wage hike, 401k
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Boeing and the union representing 33,000 striking workers have reached a new agreement to end a work stoppage that has paralyzed the company’s aircraft manufacturing business for more than a month and strained its finances. The proposal reached overnight in Seattle includes a 35% pay increase spread over four years,…
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Ninepoint Partners Announces Final Close After Reaching Maximum Deal Size on 2024 Short Duration Flow-Through Limited Partnership II Capital Raise
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on October 17, 2024 • 3 minutes…
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In huge deal Patrick Drahi buys Tel Aviv Mandarin Oriental
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Global businessman Patrick Drahi bought Tel Aviv’s luxury seafront Mandarin Oriental project on Yarkon Street last year, Globes has learned, in a huge deal valued at nearly NIS 900 million. The two 25-storey buildings are also known locally as the Dolphinarium Towers. One of the two towers will be a…
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Ketraco rejects law firm’s push for information on Adani deal
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Ketraco refused to publicly disclose the terms of the contract agreement it signed with the Indian Adani Group to build three transmission lines and two substations. The state-owned company rejected an attempt by a city law firm, IC Law LLP, to make public details of the financial position of the…
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Exclusive-Vista Outdoor strikes deal to sell itself in two parts for $3.4 billion By Reuters
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Written by Anirban Sen and Abigail Somerville NEW YORK (Reuters) – Vista Outdoor (NYSE:) agreed on Friday to sell itself in parts to separate buyers for a total of $3.35 billion, including debt, after fending off a hostile rival that has pursued the sporting goods and ammunition maker for months.…
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Exclusive-Vista Outdoor strikes deal to sell itself in two parts for $3.4 billion By Reuters
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Written by Anirban Sen and Abigail Somerville NEW YORK (Reuters) – Vista Outdoor (NYSE:) agreed on Friday to sell itself in parts to separate buyers for a total of $3.35 billion, including debt, after fending off a hostile rival that has pursued the sporting goods and ammunition maker for months.…
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Augmented Intelligence raises $10m, signs Google Cloud deal
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Ohad Al-Helou and Uri Cohen didn’t do things by the book. They founded their startup Augmented Intelligence (AUI) seven years ago and have remained hidden until now even though they have raised several tens of millions of dollars from private investors for an AI platform targeting the shopping sector. Augmented…
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US Dockworkers Strike Set to Go Ahead After No Deal Announced
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Breadcrumb links BMN Business Dockworkers are set to walk out of every major port on the US East and Gulf Coasts, marking the start of a strike that could spread to the world’s largest economy and cause political unrest just weeks before the presidential election. Article writer: Bloomberg News Laura…