In a transformative move for the global energy and petrochemicals markets, Aramco has secured a definitive agreement to acquire an additional 22.5% stake in Rabigh Refining and Petrochemical Co. (“Petro Rabigh”). The Saudi Arabian oil behemoth will purchase these shares from Sumitomo Chemical for $702 million, significantly increasing its stake in the integrated refining and […]
In what is being hailed as a landmark achievement in its ongoing financial restructuring efforts, SpiceJet, one of India’s leading airlines, has entered into a significant settlement agreement with Export Development Canada (EDC). This agreement marks a pivotal moment for SpiceJet, enabling the airline to clear substantial liabilities and embark on a path toward a […]
In a significant move, NanoString Technologies, Inc. (OTC: NSTGQ), a pioneer in life science tools for discovery and translational research, has announced an agreement with Patient Square Capital, a leading healthcare investment firm. This arrangement places Patient Square Capital as the “stalking horse” bidder in a court-supervised sales process, aiming to acquire substantially all assets […]