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Vietnam’s airline company Bamboo Airways to sign $2 billion deal with General Electric (GE) for GEnx engines to power Boeing 787-9 Dreamliner aircraft according to the Chief Executive Officer of Bamboo Airways, Dang Tat Thang. This deal will be signed in the United States in the presence of Vietnam President Nguyen Xuan Phuc during his […]
The American multinational financial services Wells Fargo announces Digital Infrastructure Strategic Partnerships With Microsoft and Google Cloud. The strategy includes clubbing multi-cloud approach with third-party data centres to drive technological speed, agility, and scalability for its customers and employees. Wells Fargo’s Central to the digital infrastructure strategy is selection of two industry leaders as its […]
One of the largest holding companies in middle east ADQ, has announced its plans to list Abu Dhabi Ports on Abu Dhabi Securities Exchange. A portion of existing shares is expected to be sold on the listing of Abu Dhabi Securities Exchange (ADX) to investors in the UAE. The Chairman of Abu Dhabi Ports, H.E. […]
The multinational health care company Baxter to acquire medical technology leader Hillrom for $12.4 billion. Hillrom will bring complementing products and innovative pipeline that will enable Baxter to provide a broader array of medical products and services to patients and clinicians across the world. Both the companies will combine together and accelerate the expansion of […]
Qatar’s food industry group Baladna to export business model to Malaysia, The MoC agreement with Malaysia’s state-owned FELCRA Berhad (FELCRA) and agriculture giant FGV Holdings (FGV) aims to produce 100 million litres of fresh milk within the first full year of operation, pending the satisfactory completion of a feasibility study. The agreement is a key […]
The investment firm Stonepeak has entered into a definitive agreement to acquire Astound Broadband for $8.1 Billion, the sixth largest U.S. cable operator in the United States. The company operates regional providers enTouch, RCN, Grande and Wave, The transaction is expected to close in the second quarter of 2021 and is subject to customary closing […]
The truck manufacturer Volvo Trucks has agreed to acquire JMC Heavy Duty Vehicle Co., Ltd., for an amount of RMB 0.8 billion (SEK 1.1 billion). Which is a subsidiary of Jiangling Motors Co., Ltd., It also includes a manufacturing site in Taiyuan, Shanxi province, China. The main objective is to start production of the new […]
The Australian multinational asset management company Macquarie to buy £1 billion stake in Southern Water. The utility company southern water which provides essential services to 2.6 million water and 4.7 million wastewater customers across Sussex, Kent, the Isle of Wight, and Hampshire. Macquarie Asset Management will invest, on behalf of long-term investors including insurance companies […]
The battery cell manufacturer SK Innovation to split its battery and petroleum divisions into two new entities to improve its growth. In a press release SK Group company said the envisioned SK Battery will focus on midsized and large electric vehicle batteries, battery metal recycling, battery rental service and energy storage systems businesses. The other […]
The soft drink manufacturer PepsiCo has announced to sell its juice brands to PAI Partners for $3.3 billion. The Juice brands include Tropicana, Naked and other select brands across North America, the deal with French private equity firm PAI Partners will net pretax cash proceeds of $3.3 billion for Pepsi. The Chairman and Cheif Executive […]
The American financial services Square plans to acquire all of the issued shares in Australia’s Afterpay for $29 billion. The acquisition will help in enabling the Square Inc And Afterpay to deliver compelling financial products and services that expand access to more consumers and drive incremental revenue for merchants of all sizes. The ‘buy now, […]
The South Korean automaker Hyundai Motor Group and one of the leading battery producer LG Energy Solution are joining hands to establish a $1.1 billion electric vehicle battery plant in Indonesia. Both the companies have signed a memorandum of understanding (MoU) with the Indonesian government for the plant, which would produce 10 gigawatt-hours worth of […]
