Stonepeak Infrastructure Partners has agreed to acquire Astound Broadband, an American cable operator company, from TPG Capital and Patriot Media Management, for $8.1 billion. According to the New York-based private equity firm, the deal is one of the largest private equity acquisitions in the US this year, and also the largest cable deal in the […]
Adobe has agreed to acquire Workfront, a Utah-based company that develops web-based work management and project management software, for $1.5 billion. Established in 2001, Workfront provides solutions to help marketers in managing their content, in planning and tracking marketing campaigns, and also for carrying out complex workflows across teams. Workfront’s combination with Adobe Experience Cloud […]
Neste has decided to close its Naantali refinery in Finland by the end of March 2021 and also renew the operating model of its oil products business, leaving nearly 370 jobs at risk. In September 2020, the Finnish oil refining and marketing company revealed plans to restructure its refining activities in Porvoo and Naantali for […]
Canadian energy transportation company Enbridge has commenced construction on the Minnesota stretch of its Line 3 Replacement Project following receipt of all the required approvals and permits. The Minnesota Pollution Control Agency (MPCA) approved a construction stormwater permit, which was the last state level permit needed by the crude oil pipeline replacement project. It follows […]
APA Group proposes to build the Northern Goldfields Interconnect Pipeline (NGI pipeline), a new 580km long 12” gas pipeline in Western Australia, with an investment of up to AUD460 million ($341.55m). According to the Australian energy infrastructure firm, the new pipeline is planned to connect emerging gas fields in the Perth Basin with the Goldfields […]
Aker Solutions has been awarded a maintenance and modifications contract from Equinor for the Peregrino oil field in Brazilian waters. The Norwegian engineering company did not reveal the value of the contract, which is for four years and has an extension option for two years. Aker Solutions stated that it had won various subsea contracts […]
Natural Law Energy (NLE) has agreed to acquire a stake of 12% in the $8 billion Keystone XL pipeline project from TC Energy for CAD 1 billion ($763.7 million). The deal follows a memorandum of understanding (MOU) signed by the parties in September 2020 to allow Natural Law Energy to invest in the pipeline project as […]
SN Power, a Norwegian renewable energy company, has agreed to acquire the operating 39.4MW Dam Nai wind farm in Vietnam from Mekong Wind for an undisclosed price. Mekong Wind is wholly owned by Singapore-based Armstrong South East Asia Clean Energy Fund. Details of the Dam Nai wind farm Vietnam The Dam Nai wind farm is […]
Swedish construction company Skanska has agreed to sell its 50% stake in Elizabeth River Crossings HoldCo (ERC), the holding company for Elizabeth River Tunnels Project in Virginia, for $625 million to Abertis and Manulife Investment Management. Abertis is a Spanish toll road company, while Manulife Investment Management is a Canada-based capital market company that is […]
Mouro Capital, the recently created fintech venture capital arm of Banco Santander, announced an undisclosed investment in Spanish proptech company Clikalia as part of the latter’s Series A round. Clikalia is an online residential property platform that digitizes the process of buying and selling houses. It marks the maiden investment in a Spanish startup for […]