LONDON: Sintana Energy Inc. (TSXV: SEI) (OTCQX: SNNAF) and Challenger Energy Group PLC (AIM: CEG) announced Wednesday they have reached an agreement on a recommended all-share offer by which Sintana will acquire the entire issued share capital of Challenger. The acquisition, valued at approximately £45 million (C$84 million), will be effected through a Court-sanctioned scheme…
Fagron posts 6.4% revenue growth in Q3, reaffirms full-year outlook
BRUSSELS: Fagron, a global leader in pharmaceutical compounding, reported a 6.4% increase in third-quarter revenue, reaching €228.2 million, and reaffirmed its full-year guidance amid continued momentum across regions and business lines. Organic growth at constant exchange rates (CER) rose 10.3%, or 8.5% on a normalized basis, with 5.7% growth including the impact of GLP-1-related dynamics….
ADNOC L&S to build $300 million UAE chemicals port in 50-Year TA’ZIZ deal
ABU DHABI: ADNOC Logistics & Services (ADNOC L&S) has signed a 50-year strategic agreement with chemicals producer TA’ZIZ to establish the United Arab Emirates’ first dedicated chemicals port in Ruwais, the companies said on Thursday. The pact, valued at over $300 million, will see ADNOC L&S build, own and operate the port at the TA’ZIZ…
Bindi Metals to acquire high-grade Serbian gold project
PERTH: Bindi Metals Ltd. (ASX: BIM) announced Thursday it has entered into a binding agreement to acquire up to an 80% interest in the Ravni gold project in southern Serbia, a move that significantly expands its footprint in the highly prospective Raska mining district. The Ravni project spans 30.5 square kilometers and is located 30…
Wynnchurch Capital sells Clyde Industries after strategic growth investment
ATLANTA: Wynnchurch Capital, L.P., a middle-market private equity firm based in Rosemont, Illinois, announced Thursday the sale of Clyde Industries, a leading manufacturer of sootblowers and boiler efficiency solutions headquartered in Atlanta. Wynnchurch acquired Clyde in 2019 through a corporate carve-out from Clyde Bergemann Power Group. Over the course of the investment, the firm supported…
Stoke Space raises $610 million to accelerate reusable rocket development
KENT: Stoke Space Technologies, a U.S. rocket builder, said on Tuesday it has raised $510 million in a Series D funding round and secured a $100 million debt facility, providing fresh capital to speed development of its fully reusable Nova launch vehicle. The equity round was led by Thomas Tull’s US Innovative Technology Fund (USIT),…
Eagle Summit Resources acquires Reflectance Energy; Expands U.S. metallurgical coal portfolio
LEXINGTON: Eagle Summit Resources, LLC (“ESR”) has acquired Reflectance Energy, LLC. The Reflectance coal mining complex will now operate under its new ownership as Eagle Mountain Energy, LLC (“EME”). Reflectance is a portfolio of active metallurgical coal producing mines in Wyoming County, West Virginia consisting of the Coal Mountain complex and adjacent mining operations. The…
Thierry Delaporte named CEO of Sodexo succeeding Sophie Bellon
PARIS: Sodexo has appointed Thierry Delaporte as Group Chief Executive Officer, effective Nov. 10, 2025, marking a significant leadership transition for the global food services and facilities management company. The decision follows a comprehensive selection process led by the Nominating Committee in coordination with the Bellon family. Delaporte succeeds Sophie Bellon, who has served as…
Gold soars past $4,000: The ultimate safe haven in a world on edge
Price of gold has shattered records, blasting past $4,000 per troy ounce for the first time in history. This isn’t just a number; it’s a flashing neon sign pointing to the deep-seated anxiety gripping global investors. The precious metal’s incredible 53% surge this year is a direct response to a world fraught with geopolitical conflicts…
SoftBank to acquire ABB’s robotics division for $5.4 billion
SoftBank Group Corp. said Monday it has agreed to acquire the robotics division of Swiss engineering giant ABB Ltd. for $5.4 billion, marking a major step in the Japanese conglomerate’s effort to expand its footprint in artificial intelligence. The deal, which remains subject to global regulatory approvals, will halt ABB’s previously announced plan to spin…
Bunzl plc announces two further acquisitions
LONDON: Bunzl plc, the specialist international distribution and services Group, today announces two further acquisitions. In September, Bunzl completed the acquisition of Caterline Catering Equipment Ltd (“Caterline”), a distributor of commercial catering equipment in Ireland and Northern Ireland. The business complements our existing catering business and generated revenue of EUR 6 million (£5 million) in…
Sunda Energy secures offshore gas interests in BARMM bid round
MANILA: Sunda Energy Plc (AIM: SNDA), a Southeast Asia-focused gas company, said Wednesday it has been awarded non-operated interests in two offshore petroleum service contracts in the Bangsamoro Autonomous Region of Muslim Mindanao (BARMM), following the region’s 1st Conventional Energy Bid Round. The contracts, SC-80 and SC-81, cover licence blocks in the southwest Sulu Sea….