LONDON: British infrastructure investors HICL Infrastructure PLC (HICL.L) and The Renewables Infrastructure Group TRIG.L agreed to combine on Monday, forming the UK’s largest listed infrastructure investment company with net assets exceeding £5.3 billion ($6.7 billion). The all-share merger, structured as a reconstruction and voluntary winding-up of TRIG, aims to create a dominant player better positioned…
Ghanem secures $7.1M funding from Al-Romaih Group to expand fractional real estate platform
RIYADH— Ghanem, a digital real estate platform specializing in fractional ownership solutions, announced Monday it has closed a $7.1 million funding round from Al-Romaih Group, one of the Kingdom’s leading investment firms with deep expertise in real estate and financial services. The investment marks a significant milestone for Ghanem as it works to broaden access…
Rio Tinto, Calix sign deal to advance zero-emissions steel plant in Western Australia
PERTH — Rio Tinto has signed a Joint Development Agreement with Australian environmental technology company Calix to advance construction of a demonstration plant for Calix’s Zero Emissions Steel Technology (Zesty™) in Western Australia, aiming to enable Pilbara iron ores to be used in lower-emissions steelmaking. The proposed plant, to be built in Kwinana south of…
FLSmidth & Co. CEO Mikko Keto to step down
STOCKHOLM – FLSmidth & Co. A/S (FLSmidth) today announced that Chief Executive Officer, Mikko Keto, has informed the Board of Directors of his decision to step down from his position to assume an executive role with a non-competing company. Mikko Keto will continue in his current capacity in the coming months to ensure business continuity,…
Locksley Resources, Columbia University partner on U.S. rare earth processing strategy
PERTH — Locksley Resources Ltd. said Monday it has entered into a research partnership with Columbia University to advance rare earth and critical minerals processing in the United States, expanding its mine-to-market strategy amid growing U.S. efforts to reduce reliance on Chinese supply chains. The agreement will fund a program led by Columbia’s Lenfest Centre…
Airtasker expands US growth with $5M iHeartMedia partnership
SYDNEY— Airtasker Limited (ASX:ART) said Monday it has expanded its strategic partnership with iHeartMedia Inc. (NASDAQ:IHRT), securing an additional US$5 million in advertising inventory to accelerate growth in the United States. The deal builds on an initial partnership launched in August 2024 that provided Airtasker USA with US$5 million in media resources and helped the…
Bioxyne secures UK funding for cannabis manufacturing site
SYDNEY — Bioxyne Ltd. said Monday it has received about £850,000 ($1.7 million AUD) in funding commitments from South of Scotland Enterprise to establish a medicinal cannabis manufacturing and distribution facility in the Scottish Borders. The package includes a five-year £500,000 loan and a grant of £348,250 to support the fit-out of the site, which…
XenoTherapeutics to acquire Repare Therapeutics in all-cash deal
CAMBRIDGE — Repare Therapeutics Inc (RPTX.O), a clinical-stage precision oncology firm, said on Saturday it has agreed to be acquired by nonprofit biotech XenoTherapeutics Inc and its affiliate Xeno Acquisition Corp in an all-cash transaction that includes contingent value rights (CVRs) tied to future proceeds. Under the terms of the definitive arrangement agreement, Repare shareholders…
Postman acquires liblab
SAN FRANCISCO – Postman, the world’s leading API collaboration platform, said on Saturday it has acquired liblab, a developer-focused startup that automates the generation and maintenance of Software Development Kits (SDKs), as part of its strategy to streamline the entire API lifecycle. The deal, terms of which were not disclosed, will integrate liblab’s “SDKs-as-a-service” technology…
Teamshares to go public via $746 million merger with Live Oak Acquisition Corp
NEW YORK — Teamshares Inc., a tech-enabled acquiror of small-to-medium-sized enterprises (SMEs), said on Saturday it will go public through a merger with blank-check firm Live Oak Acquisition Corp. V (NASDAQ: LOKV) in a deal valuing the combined company at $746 million. The business combination includes a $126 million private investment in public equity (PIPE)…
Merck to acquire Cidara Therapeutics for $9.2 billion
SAN DIEGO – Merck & Co Inc (NYSE: MRK), known as MSD outside the U.S. and Canada, said on Saturday it will acquire Cidara Therapeutics Inc (Nasdaq: CDTX) in a $9.2 billion all-cash deal, bolstering its respiratory pipeline with a late-stage antiviral candidate aimed at preventing influenza. Under the terms of the agreement, Merck will…
Tata Steel IJmuiden to acquire for LAG Velsen B.V. €140 million
AMSTERDAM – Tata Steel IJmuiden B.V., a wholly owned subsidiary of Tata Steel Limited, has signed a Share Purchase Agreement with Vattenfall Power Generation Netherlands B.V. to acquire full ownership of LAG Velsen B.V., a new entity that will house three key power plants in the Netherlands. The deal, finalized on November 14, 2025, is…