Occidental (NYSE: OXY) recently confirmed the acquisition of all outstanding equity of Carbon Engineering Ltd. The definitive purchase agreement details a total cash consideration of approximately $1.1 billion, split into three almost equal yearly payments, starting with the initial payment at the transaction’s closing. This acquisition is anticipated to finalize by the end of 2023, […]
British supermarket chain Asda Group has announced the acquisition of convenience and fuel retail company EG Group’s UK and Ireland operations for an enterprise value of £2.27 billion. The deal, led by the Issa brothers, investment funds managed by TDR Capital LLP, and Walmart, will see Asda bolster its presence in the convenience and fuel […]
Mineração Vale Verde (MVV) has secured debt financing of $140 million for the development of its Serrote copper-gold project in Alagoas, Brazil. The Brazilian miner is a portfolio company of Appian Capital Advisory, a British investment advisor. The debt financing will be provided by ING Capital, Natixis (New York branch), and Societe Generale. Mineração Vale […]