ISLAMABAD: The sales of petroleum products in Pakistan witnessed a sharp decline of 7% year-on-year (YoY) in December 2023, reaching 1.24 million tons, according to the latest data released by the Oil Companies Advisory Committee (OCAC). The main reasons for…
LONDON, UK: Diversified Energy Company PLC (DEC) has announced the completion of an innovative deal that has enabled it to extract more value from its existing assets and improve its financial position. The deal involved selling 80% of its producing…
LONDON, UK: Hydrogen Utopia International PLC (HUI), a company that converts non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, has announced that it has acquired 49% of Ohrid Organics Ltd, a medical cannabis producer in North Macedonia. The…
LONDON, UK: Jade Road Investments Limited (AIM: JADE), an investment company focused on Asia, has announced a plan to transfer its legacy Asian assets to a new entity, Eastern Champion Ltd (SPV). The legacy assets include investments in mining, energy,…
MECHELEN, BELGIUM: Galapagos NV and Alfasigma S.p.A. today announced that they have signed an agreement to transfer Galapagos’ Jyseleca® (filgotinib) business to Alfasigma, marking a significant milestone in Galapagos’ transformation into an innovative biotechnology company with a best-in-class research and…
PARIS, FRANCE: Danone has signed an agreement to sell its premium organic dairy activity in the U.S. to Platinum Equity, a US-based investment firm. The sale is part of Danone’s portfolio review and asset rotation program the company announced in…
SYDNEY, AUSTRALIA: OpenLearning Limited (ASX: OLL), the AI powered SaaS platform for lifelong learning, has signed a binding business and asset sale agreement to acquire three leading Australian higher education marketplaces, expanding the student acquisition capabilities it offers to customers….
RIYADH: Taiba Investment Co., a leading Saudi company in the fields of real estate, hospitality, and tourism, has announced the appointment of Mr. Sultan bin Badr Al-Otaibi as its new CEO, effective from January 1, 2024. Mr. Al-Otaibi succeeds Eng….
Level Access, a provider of digital accessibility solutions, has agreed to buy UserWay, a company that uses AI to improve web accessibility for people with disabilities. The deal, expected to close in early 2024, will combine the technologies and expertise…
Apple Hospitality REIT, Inc. (NYSE: APLE), a real estate investment trust that owns hotels across the US, has acquired the SpringHill Suites by Marriott Las Vegas Convention Center for approximately $75 million. The 299-room hotel, located near the Las Vegas…
Enpro Inc., an industrial technology company, announced today that it will acquire Advanced Micro Instruments, Inc. (AMI), a maker of analyzers and sensors that monitor gas quality and reduce emissions. The deal, valued at $210 million in cash, is expected…
EIG, a global energy and infrastructure investor, announced today that it has agreed to buy Ocyan, a Brazilian offshore oil and gas solutions provider, from Novonor and BNDES for US$390 million. The deal will help Novonor pay off some of…