Canadian exploration and development company Osisko Metals has agreed to divest a majority stake in the Pine Point zinc project to a subsidiary of Appian Natural Resources Fund III, a fund advised by Appian Capital Advisory. Under the investment agreement, Appian Natural Resources will invest up to CAD 100 million ($74 million) over a period […]
Amazon has acquired One Medical, a technology-powered US primary care company, in an all-cash transaction valued at around $3.9 billion, including the latter’s net debt. The transaction is expected to help more people get better care, when and how they need it. One Medical combines in-person care in offices across the country with digital health […]
Affiliates of investment firm Centerbridge Partners and institutional investor GIC Real Estate will acquire all of the outstanding shares of Indus Realty Trust, a US-based industrial/logistics real estate investment trust (REIT), for around $868 million in cash. Shareholders of Indus Realty Trust are being offered $67 per share. Post-closing, Indus Realty Trust will become a […]
Divi’s Laboratories, an India-based active pharmaceutical ingredients (API) company, has deployed Juniper Networks’ solutions across its manufacturing operations. The Juniper-powered network solutions anticipate to improve Divi’s Laboratories’ operational efficiencies and enhancing the workforce’s network experiences. The Hyderabad-headquartered Divi’s Laboratories manufactures and custom synthesizes APIs for products used in more than 95 countries including antihistamines, antidepressants, […]
China Petroleum & Chemical Corporation (Sinopec) has launched The Inner Mongolia Erdos Wind-Solar Green Hydrogen Project, a CNY 5.7 billion ($828.04 million) green hydrogen-coal chemical project in Inner Mongolia, in an effort to advance the country’s green energy goals. The hydrogen pilot project is anticipated to contribute CNY 600 million ($87.17 million) in GDP and […]
Canadian mining company Teck Resources will separate its business into two independent, publicly-listed companies to offer investors a choice of enterprises with unique fundamentals and value propositions. Post-closing, Teck Resources will change its name to Teck Metals, a premier, growth-oriented energy transition metals producer, while the newly created Elk Valley Resources will be a pure-play, […]
Microsoft and NVIDIA will bring Xbox PC games to the NVIDIA GeForce NOW cloud gaming service as part of a 10-year partnership between the companies. The move is anticipated to increase gamers’ choice and resolve NVIDIA’s concerns after Microsoft’s acquisition of Activision Blizzard closes. Under the collaboration, gamers can stream Xbox PC titles from GeForce […]
LG Energy Solution, Ford Motor, and Koç Holding will join forces to build a new commercial electric vehicle (V) battery cell plant near Ankara, Turkey. The project is anticipated to support Ford Motor’s target of manufacturing more than two million electric vehicles worldwide by 2026. Situated in an industrial zone in Başkent, the new joint […]
Constellation Energy, a US-based carbon-free energy producer, will invest $800 million in two Illinois nuclear power plants – Braidwood and Byron to increase their clean energy output. The investment proposal follows Constellation Energy’s announcement of substantial development at its clean hydrogen project at the Nine Mile Point Generating Station in upstate New York, and the […]
INEOS Energy will acquire a part of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, south Texas for $1.4 billion as part of its strategy to build a global integrated portfolio. The acquisition of the US assets marks INEOS Energy’s entry as operator into the US onshore oil and gas market. Under […]