LONDON: Rio Tinto, Mitsui and Nippon Steel will invest $733 million1 (Rio Tinto share $389 million) to develop the West Angelas Sustaining Project, part of the Robe River Joint Venture in Western Australia’s Pilbara region. The project, to develop new iron ore deposits in the West Angelas hub, has now received all necessary State and Federal…
Author: NNR
Cadogan Tate expands U.S. footprint with strategic acquisition of Seattle’s Trefethen & Co
SEATTLE Cadogan Tate, a global leader in high-value art and interiors logistics, announced today it has acquired Trefethen & Co Bader & Olson (“Trefethen & Co”), a Seattle-based specialist in furniture receiving, warehousing, and installation. The move solidifies Cadogan Tate’s physical presence in the key U.S. Pacific Northwest market. This acquisition marks the seventh strategic…
Nickolas Asset Management has acquired OGO and Medal Technologies
NORTH BALTIMORE: Nickolas Asset Management (NAM), together with the Reinhart Family of Companies and its portfolio company Configure Brands, announced today the acquisition of OGO and Medal Technologies, including a 32,500-square-foot production facility in North Baltimore. The acquisition is designed to significantly expand manufacturing capacity for the combined entities. The facility will immediately begin producing…
HireRight acquires BGC Brasil to expand background screening capabilities in Latin America
SÃO PAULO; HireRight, a global leader in background screening and workforce solutions, has acquired BGC Brasil, a premier Brazilian provider of background screening services with access to more than 200 national and international research sources. The acquisition strengthens HireRight’s footprint in Latin America and enhances its ability to deliver faster, more compliant screening services across…
CoreWeave Inc. signs agreement to acquire Monolith AI Limited
LONDON: CoreWeave Inc. announced an agreement to acquire Monolith AI Limited, a pioneer in applying artificial intelligence and machine learning to solve complex physics and engineering challenges. Combining Monolith’s simulation and test-driven machine learning capabilities with CoreWeave’s purpose-built AI cloud enables the combined companies to offer a full-stack platform for industrial and manufacturing enterprises. The…
Paramount Skydance acquires The Free Press; Names Bari Weiss Editor-in-Chief of CBS News
NEW YORK: Paramount Skydance said Monday it has acquired online publication The Free Press and appointed its co-founder and CEO, Bari Weiss, as editor-in-chief of CBS News. The Free Press, launched by Weiss in 2021 following her departure from The New York Times’ opinion desk, will be integrated into CBS News. Paramount said the digital…
Verizon appoints former PayPal executive Dan Schulman as CEO
LONDON: Verizon Communications Inc (VZ.N) on Tuesday named Dan Schulman, the former chief executive of PayPal Holdings Inc (PYPL.O) and a current board member, as its new chief executive officer, effective immediately, in a surprise leadership overhaul. The U.S. wireless carrier said longtime CEO Hans Vestberg would step down and serve as a special advisor until…
AMD to supply AI chips to OpenAI in deal worth tens of billions
SANTA CLARA: Advanced Micro Devices Inc. will supply artificial intelligence chips to OpenAI in a multi-year agreement that the chipmaker said Monday is expected to generate tens of billions of dollars in annual revenue. The deal, which includes an option for OpenAI to buy a significant stake in AMD, sent the company’s shares surging more…
BATM to sell its diagnostic distribution business in Romania for £17.6 million
LONDON: BATM (LSE: BVC; TASE: BVC), a global provider of advanced network infrastructure, cybersecurity and diagnostic technologies, has entered into an agreement to sell A.M.S 2000 Trading Impex SRL (AMS), a subsidiary of the Group that distributes diagnostic laboratory equipment in Romania. The sale agreement marks a key milestone in the execution of the Group’s…
Dutch food group Acomo to buy Italy’s Manuzzi in Southern Europe push
ROTTERDAM: Dutch food ingredients group Acomo N.V. has agreed to acquire Italian nuts and dried fruits business Manuzzi S.r.l. from private equity firm Hyle Capital Partners and other shareholders, the company said on Monday, marking its latest move to expand in Southern Europe. The acquisition, for which no financial details were disclosed, will bolster Acomo’s…
Magnora ASA enters Norwegian data centre market with strategic stake in Storespeed AS
OSLO: Magnora ASA has entered the Norwegian data centre market through the acquisition of a majority stake in Storespeed AS, a Norwegian data centre operator, in partnership with Blix Group AS owner of Blix Solutions AS, a sustainable Norwegian data center operator. The investment marks Magnora’s entry into the rapidly expanding data centre industry, driven…
Euronext launches voluntary offer for full acquisition of Greece’s ATHEX
AMSTERDAM: Pan-European stock exchange operator Euronext (ENX.PA) said on Monday it had received regulatory approval to launch a voluntary share exchange offer for all shares of the Hellenic Exchanges-ATHEX Stock Exchange (ATHEX.AT), a move it said would create a financial hub for Southeastern Europe. The acceptance period for the tender offer commences on Oct. 6, 2025, and…