In a significant move that underscores its strategic pivot towards strengthening its core business, The Clorox Company (NYSE: CLX) (“Clorox”) has officially announced the divestiture of its subsidiaries, collectively known as “Clorox Argentina”, which operate across Argentina, Uruguay, and Paraguay. This transaction sees the businesses transferred to Apex Capital, a private equity fund affiliated with […]
In a momentous development for India’s mining sector, Khanij Bidesh India Limited (KABIL) has signed a pioneering agreement with CATAMARCA MINERA Y ENERGÉTICA SOCIEDAD DEL ESTADO (CAMYEN SE), a state-owned enterprise in the Catamarca province of Argentina. This landmark deal, signed in the presence of high-ranking officials from both countries, signifies India’s first-ever government-led lithium […]
Allkem Limited (ASX|TSX: AKE), a prominent player in the mining industry, has announced a significant enhancement to its financing for the Sal de Vida Project located in Catamarca Province, Argentina. The existing International Financing Corporation (IFC) project financing has been supplemented with an additional US$50 million from IDB Invest, marking a crucial step in the […]
In a dramatic political twist, Javier Milei, the far-right libertarian outsider, has snatched a surprising victory in Argentina’s presidential run-off poll, according to provisional results. Milei’s win, securing nearly 56% of the vote, is a shockwave in Argentine politics, reflecting the electorate’s desperate cry for change amidst economic turmoil and skyrocketing inflation. Milei’s Unconventional Campaign […]
Stellantis, a Dutch automaker, will acquire a 14.2% equity stake in McEwen Copper for $155 million, becoming the second largest shareholder along with Rio Tinto. McEwen Copper is a subsidiary of Canadian mining company McEwen Mining and holds a 100% stake in the Los Azules copper project in San Juan, Argentina and the Elder Creek […]
Oil and Natural Gas Corporation (ONGC)’s fully-owned subsidiary ONGC Videsh has entered into a memorandum of understanding (MoU) with Argentine oil and gas company YPF S.A. to boost cooperation between the two firms in the energy sector. The MoU was signed by the parties during the sidelines of the maiden India Energy Week 2023 held […]
TotalEnergies has made a final investment decision (FID) for the Fenix gas project, offshore Argentina, which will see a three-well development with an investment of nearly $706 million. Fenix gas project details The Fenix gas field is contained in the Cuenca Marina Austral 1 (CMA-1) concession in which TotalEnergies is the operator with a stake […]
Coats Group plc, a UK-based industrial thread manufacturer, has wrapped up the previously announced sale of its Brazilian and Argentine businesses after meeting the closing conditions. The British company sold the businesses to Reelpar SA, an entity backed by a private equity firm based in Sao Paulo. The financial terms of the deal were not […]
Agrotech company Water Ways Technologies has revealed plans to acquire a stake of 51% in Desarrollo de Sistemas Hidraulicos (Hidrotop), a Chile-based irrigation company, for $3.5 million. Hidrotop is an irrigation and hydraulic engineering firm that operates in the agricultural and mining sectors in Chile and Argentina. Since 1997, the company is said to have […]
Hero MotoCorp has expanded its operations in Argentina by inaugurating a flagship dealership in Buenos Aires in partnership with Gilera Motors Argentina. The Indian motorcycles and scooters manufacturer had recently announced plans to revamp its footprint in Argentina in collaboration with Gilera Motors, an Argentine automotive company. Sanjay Bhan — Hero MotoCorp Global Business Head […]
