JOHANNESBURG: AECI, a diversified industrial group, on Monday named Alan Ernest Dickson as its next group chief executive officer and executive director, effective July 1, 2026. Dickson, a 29-year veteran of JSE-listed Reunert Ltd., spent 12 years as that company’s group CEO,…
LONDON: Hunting PLC, a precision engineering group, announced Tuesday that Chief Executive Jim Johnson intends to retire as a director by mid-2027, triggering a succession process that will consider both internal and external candidates. Johnson, who has held senior management roles…
LONDON: MHP SE announced Monday that its wholly-owned subsidiary has entered into a share purchase agreement with the existing shareholders of Th. Nitsiakos AVEE Ptinotrofikes Epicheiriseis (Nitsiakos) for the acquisition of a stake of up to 100% in the target company over time. Completion of the transaction is subject to customary…
Acquisition expands Drax’s renewable generation portfolio with 0.9GW of operating assets and 2.9GW development pipeline LONDON: Drax Group plc has agreed to acquire Bluefield Solar Income Fund Ltd. (BSIF) in a recommended all-cash transaction valued at approximately £561 million, including a permitted…
MILAN: Lendlease announced Monday it has agreed to sell its development rights for the Milano Santa Giulia mixed-use project in Milan, known as MSG North, taking a projected post-tax operating loss of $175 million. The Australian development giant said the sale to…
SALT LAKE CITY: Canadian Phosphate Limited said Sunday it has signed a binding agreement to acquire the Diamond Mountain Phosphate Project in northeastern Utah, an advanced asset adjacent to one of the largest phosphate mines in the United States. The deal with Revival…
MELBOURNE: 4DMedical Limited said Monday it has signed a binding agreement to acquire contextflow GmbH, an Austrian medical technology company, in a deal that gives the Australian lung-imaging firm an immediate commercial and clinical presence across Europe. The acquisition positions 4DMedical across three continents, adding…
SYDNEY: ReadyTech Holdings Limited said Monday it has rejected an unsolicited, non-binding indicative proposal from Total Specific Solutions to acquire 100% of the company for $2 per share in cash, along with a parallel off-market bid at $1.75 per share. The board determined to…
President Donald Trump said Iran has agreed to permanently forgo nuclear weapons as part of a potential accord, even as his administration transmitted a revised, more stringent counterproposal to Tehran and skirmishes persisted along fragile ceasefire lines. “The one guarantee…
LA BALME-LES-GROTTES: bioMérieux, a French diagnostics company, announced plans Friday to invest more than €250 million in a new manufacturing facility in southeastern France dedicated to producing PCR tests for the European market. The facility, located in La Balme-les-Grottes in the Isère region,…
PARIS: Worldline, a European payment services provider, said Thursday it has finalized the sale of its New Zealand payment activities to Cuscal Ltd. for an enterprise value of approximately €17 million. The New Zealand business processes about 70% of all in-store transactions in…
NEW YORK: Nextpower (Nasdaq: NXT) said it has agreed to acquire Prevalon Energy, a U.S.-based joint venture between Mitsubishi Power Americas and EES, for total consideration of up to $365 million in cash and stock, excluding cash to be acquired. The…