ADELAIDE: Clean Seas Seafood Limited (ASX: CSS) announced on Wednesday that it has received a non-binding merger proposal from Yumbah Aquaculture Ltd. The deal, which would see Yumbah acquire 100% of Clean Seas shares, offers shareholders $0.14 cash per share or a scrip alternative in Yumbah.* Yumbah, an Australian-owned shellfish aquaculture company, operates across South…
Meridian Energy to acquire NZ windfarms in $91 million deal
WELLINGTON: Meridian Energy has entered into an agreement to acquire NZ Windfarms Limited (NZWF) for $0.25 per share, valuing the equity of NZ Windfarms at approximately $91 million. The deal, announced on Feb. 19, 2025, is subject to approval from NZ Windfarms shareholders and the High Court. Under the terms of the Scheme Implementation Agreement…
Fortescue acquires over 90% of Red Hawk Mining
SYDNEY: Fortescue Ltd. (ASX: FMG) has acquired more than 90% of Red Hawk Mining Limited (ASX: RHK), paving the way for a compulsory acquisition of the remaining shares, Red Hawk announced on Wednesday. Through its wholly owned subsidiary, FMG Pilbara Pty Ltd., Fortescue has secured 90.09% of Red Hawk’s shares. The company issued a compulsory…
ReNu Energy to acquire Janus Electric
SYDNEY: ReNu Energy Limited (ASX: RNE) announced plans to acquire 100% of the issued share capital of Janus Electric Limited, a strategic acquisition that aims to position ReNu Energy as a leader in heavy transport electrification. The acquisition will be executed through a Share Purchase Agreement, with ReNu Energy issuing 50 million shares on a…
Kalina Power partners with Crusoe Energy to develop AI data centers in Alberta
CALGARY: Kalina Power Limited (ASX: KPO) has unveiled a strategic partnership with Crusoe Energy to develop artificial intelligence (AI)-focused data centers co-located with Kalina’s Power-CCS (carbon capture and sequestration) plants in Alberta, Canada. The collaboration aims to address the growing demand for clean, reliable energy to power the rapidly expanding digital infrastructure sector. Under the framework agreement,…
Australia’s central bank reduces interest rates for first time in four years
SYDNEY: Australia’s central bank has reduced its interest rates for the first time in four years as inflationary pressures ease, though it cautioned against aggressive cuts. The Reserve Bank of Australia (RBA) lowered its cash rate by 0.25 percentage points to 4.1% on Tuesday, a move widely anticipated by markets. However, the bank warned that…
Aerometrex Limited appoints Robert Veitch as acting CEO
ADELAIDE: Aerometrex Limited (ASX: AMX), a leading aerial mapping and 3D technology company, has announced the appointment of Mr. Robert Veitch as its Acting Chief Executive Officer, effective immediately. The appointment comes following the resignation of Mr. Steve Masters, who has stepped down to pursue other opportunities. Mr. Veitch, who previously served as the General Manager…
Propel Funeral Partners acquires Twentymans Funeral Services and Thames Crematory in New Zealand
SYDNEY: Propel Funeral Partners Limited (ASX: PFP) announced the execution of binding legal documentation to acquire two well-established funeral service providers in New Zealand, marking a significant expansion of its network into new regional markets. The acquisitions, which include related assets, infrastructure, and real estate such as three cremation facilities, total approximately A$7.3 million. This strategic move…
TotalEnergies and Air Liquide partner to develop green hydrogen projects in the Netherlands
PARIS: TotalEnergies has signed agreements with Air Liquide to develop two green hydrogen projects in the Netherlands, aligning with its 2030 goal to decarbonize the hydrogen used in its European refineries. The projects will produce and deliver approximately 45,000 tons of green hydrogen annually, using renewable power generated primarily by the OranjeWind offshore wind farm, a joint…
Vikki Jeckell appointed as CEO of Tees Valley Lithium
LONDON: Alkemy Capital Investments plc (LSE: ALK) (JV2:FRA), the 100% owner of Tees Valley Lithium (TVL), has announced the appointment of Vikki Jeckell as Chief Executive Officer of TVL. In conjunction with this leadership transition, TVL has officially commenced its Front-End Engineering Design (FEED) study, marking a crucial milestone in the development of its lithium hydroxide refinery…
Anglo American agrees sale of nickel business for up to $500 million to MMG Singapore
LONDON: Anglo American plc has entered into a definitive agreement to sell its nickel business to MMG Singapore Resources Pte. Ltd, a wholly owned subsidiary of MMG Limited (MMG) for a cash consideration of up to $500 million. The nickel business comprises two ferronickel operations in Brazil – Barro Alto and Codemin – and two high quality…
Predator Oil & Gas acquires Challenger Energy’s subsidiary Columbus Energy St. Lucia
LONDON: Predator Oil & Gas Holdings Plc, a Jersey-based oil and gas company, announced a transaction with Challenger Energy for the acquisition of its St Lucia-based subsidiary, Columbus Energy (St. Lucia) Limited. The subsidiary holds various entities representing all of Challenger Energy’s business, producing assets, and operations in Trinidad and Tobago. Caribbean Rex Limited (CRL), 51%…