Saudi Aramco is expected to join a group led by ACWA Power in an effort to build a $1 billion solar power plant. This plant will assist Saudi Arabia in its efforts to expand its renewable energy supply.
With ACWA and partner Water & Electricity Holding Co. each expected to...
Electric vehicle charging company ChargePoint recently announced its acquisition of electrification solution provider ViriCiti for 75 million euros ($87.86 million); a move that will see the company advance its expansion efforts into Europe.
Following the announcement, ChargePoint Chief Executive Officer Pasquale Romano made the following statement: "The future of fleets...
Laurel, Mississippi-based poultry producer Sanderson Farms agreed on Monday to be bought out by commodities trader Cargill Inc and investment firm Continental Grain Co for a sum of $4.53 billion. Cargill and Continental Grain offered $203 per share in Sanderson Farms, which is a premium of approximately 11% of the company's...
Meggitt Plc shares have skyrocketed by the largest margin in the company's 170-year history, reaching 800 pence per share. This is a 71% jump from Friday's closing price. Meggitt's latest stock surge comes after Parker-Hannifin Corp. decided to acquire Meggitt Plc for 6.3 billion pounds ($8.8 billion) in an...
The Calgary-headquartered Pembina Pipeline Corp. decided to pull its C$8.5 billion ($6.7 billion) offer to acquire Inter Pipeline Ltd., consequently providing Brookfield Infrastructure Partners LP with a clear path to pursue their own bid. Inter is expected to pay a C$350 million termination fee to Pembina, who in turn...
The World Bank and COVAX revealed on Monday their financing mechanism intended to speed up the supply of COVID-19 vaccines to developing countries, where vaccination rollouts are occurring at a significantly slower rate than in wealthier nations. This plan will see COVAX, the global vaccine distribution program, accept advance...
Pfizer Inc and BioNTech SE revealed on Wednesday that they've completed a deal with the South African Biovac Institute to process and distribute approximately 100 million COVID-19 vaccines to members of the African Union. While production will begin in 2022, equipment installations, on-site developments, and the transfer of technology...
Global private equity firm Partners Group Holding AG has confirmed the acquisition of generic drugmaker Pharmathen SA from BC Partners in a deal worth approximately 1.6 billion euros ($1.9 billion). The Swiss-based Partners Group managed to edge out other potential buyers by sealing the deal before the planned auction...
Taiwanese company Pou Chen Corp halted operations at its plant in the Vietnamese capital of Ho Chih Minh City last wek as a result of COVID-19 concerns. The factory, which produces footwear for Nike and Adidas, took the decision as COVID-19 cases continue to surge in Vietnam's business hub.
Vietnam's...
With the demand for travel experiencing a drastic rise in recent times, Delta Air Lines confirmed recently that it expects to remain profitable for the remainder of the fiscal year. Furthermore, the Atlanta, Georgia-based airline revealed that it has exceeded estimates in its latest quarterly earnings. "The days of...