GE Renewable Energy, through its Grid Solutions business, has secured a multi-million-dollar contract from Nepal Electricity Authority (NEA) to strengthen Nepal’s power transmission network. The project, which is funded by the Asian Development Bank, is anticipated to enable Nepal to meet current and future demands, improve reliability and quality of supply, and minimize power transmission […]
Canadian investment management company Brookfield Reinsurance will acquire Bermuda-based insurance company Argo Group International in an all-cash deal valued at around $1.1 billion. The transaction takes the New York Stock Exchange (NYSE) Argo Group private and just follows the acquisition of Argo Underwriting Agency Limited and its Lloyd’s Syndicate 1200 by Westfield for approximately $125 […]
American health solutions company CVS Health will acquire Oak Street Health in an all-cash transaction valued at around $10.6 billion to advance its care delivery strategy. With the proposed acquisition, CVS Health anticipates to create the premier value-based primary care solution to minimize care costs and improve results for patients. The transaction is anticipated to […]
Gilead Sciences has secured the approval of the US Food and Drug Administration (FDA) for Trodelvy (sacituzumab govitecan-hziy) for pre-treated HR+/HER2- metastatic breast cancer. The Trop-2 directed antibody-drug conjugate (ADC) is indicated for the treatment of adults having unresectable locally advanced or metastatic hormone receptor (HR)-positive, human epidermal growth factor receptor 2 (HER2)-negative breast cancer […]
Hut 8 Mining, a Canadian digital asset miner, and U.S. Data Mining Group (doing business as US Bitcoin), a Bitcoin mining center operator, will combine their businesses in an all-stock merger. The deal is aimed to create a major Bitcoin mining company with a combined market capitalization of approximately $990 million in North America. Post-closing, […]
Australian iron ore company Fortescue Metals, through its joint venture company Ivindo Iron, has signed the Mining Convention with the Gabonese Republic for the Belinga Iron Ore Project in Gabon. The Mining Convention facilitates the first mining of ore in the second half of 2023 and unlocks growth opportunities for Fortescue Metals and Fortescue Future […]
Switzerland-based cement maker Holcim will acquire Duro-Last, a Saginaw, Michigan-based roofing systems company, in a transaction valued at $1.29 billion, to expand its footprint in North America. The transaction is part of Holcim’s “Strategy 2025 – Accelerating Green Growth” to increase its Solutions & Products business to 30% of Group annual sales by 2025. Duro-Last […]
DroneBase, a US-based aerial data analytics firm, has raised $55 million in investment and rebranded as Zeitview, in a move to strengthen its market position in advanced inspection software for energy and infrastructure. The round was led by Valor Equity Partners, with participation from current investors Union Square Ventures, Euclidean Capital, Upfront Ventures, Hearst Ventures, […]
Aker Solutions has signed a contract with oil company OKEA for the latter’s Draugen electrification project in the Norwegian Sea, following the 15 December 2022 letter of intent. The Norwegian offshore engineering and construction company Aker Solutions puts the value of the contract between NOK 2.5 billion ($241 million) and NOK 4 billion ($385 million). […]
Linde will invest $1.8 billion to build a new complex in Beaumont, Texas as part of its long-term contract with Netherlands-based chemical company OCI. The on-site complex will include autothermal reforming with carbon capture and a large air separation facility. Linde will integrate the new complex with its Gulf Coast industrial gas infrastructure to supply […]