US retailing giant Walmart has agreed to divest Walmart Argentina, its business in Argentina, to Latin American group Grupo de Narváez for an undisclosed price. Walmart said that Grupo de Narváez with its strong local expertise through retail operations across Argentina, Ecuador and Uruguay, brings strong local expertise to help its Argentine business thrive. Walmart […]
Golar Power, an LNG integrated company, and Argentina-based green energy supplier Galileo Technologies have joined forces to introduce a new clean fuel source in Brazil by producing biomethane liquefied natural gas (Bio-LNG fuel). In this regard, the two parties have inked an agreement for providing LNG liquefaction solutions for supporting the development of the small-scale […]
Ganfeng Lithium, a Chinese lithium metals producer, has agreed to take controlling stake in the Caucharí-Olaroz lithium project in Argentina in a $16 million worth deal with its joint venture partner Lithium Americas, as per the latest mining acquisition news. The deal will see the Chinese lithium producer increase its stake from 50% to 51% […]
Equinor and its partner Royal Dutch Shell have wrapped up a joint acquisition of the 49% stake held by Schlumberger in the onshore Bandurria Sur block in the Argentine province Neuquén. Each partner paid $177.5 million for their 24.5% interest in the Argentine onshore block, which spans nearly 56,000 gross acres in the central area […]
Energy acquisition news : Royal Dutch Shell has made a $950 million deal to sell its Argentine downstream business to Brazilian biofuels producer and fuels distributor Raizen. The transaction comprises the Buenos Aires Refinery, nearly 645 retail stations, liquefied petroleum gas, aviation fuels, marine fuels, bitumen, chemicals and lubricants businesses, and also supply and distribution […]
Argentina-based financial services group Grupo Supervielle has agreed to acquire car loan company Micro Lending (MILA) for $20 million to expand into the car loan segment. According to Grupo Supervielle, Micro Lending is in the no.4 position in the new and used car loan market in Argentina, with specialization in car financing – especially for […]