Intel Corporation announced on Wednesday that it has agreed to sell an approximately 20% stake in its IMS Nanofabrication GmbH (IMS) business to Bain Capital Special Situations, in a transaction that values IMS at approximately $4.3 billion. IMS is a global market leader for multi-beam mask writers, which are critical equipment for the semiconductor industry. IMS…
Bluestep Bank acquires Norwegian specialist mortgage bank Bank2 for NOK 1 billion
OSLO,NORWAY: Bluestep Bank AB , a Swedish specialist mortgage provider, has announced that it has entered into an agreement to acquire Bank2 ASA (Bank2), a Norwegian specialist mortgage bank and refinancing services provider, for around NOK 1 billion. Bank2 is a bank that provides specialist mortgages and refinancing services exclusively for the Norwegian market. The…
European Lithium acquires three lithium projects in Austria
SYDNEY, AUSTRALIA: European Lithium Limited (ASX: EUR, FRA PF8, OTC: EULIF) has announced the completion of the acquisition of three lithium projects in Austria from a subsidiary of Richmond Minerals Inc. (TSX-V: RMD). The projects cover 114.6 km2 of underexplored ground with known lithium occurrences in the Styria mining district, about 70km north of the…
Ronin Resources acquires lithium project in Ontario and raises $300k
LONDON, UK: Ronin Resources Limited (ASX: RON), a diversified mineral exploration company, has announced that it has entered into binding agreements to acquire 100% of the issued capital in Ontario Battery Metals Pty Ltd (OBM), which owns the Hornby Lake Project, a lithium exploration project in Ontario, Canada. The Hornby Lake Project consists of 622…
ANO launches sun-powered EcoZinc powder for mineral sunscreens
SYDNEY, AUSTRALIA: ANO, a manufacturer of zinc oxide powders for sunscreens, has launched its sustainable “EcoZinc” — ZinClear XP Powder, which is 100% powered by the sun. The company is installing more solar panels to increase its green energy production and intends to charge a 20% premium for this product. The EcoZinc powder has been…
Pacific Current Group sells its stake in Proterra Asia to Challenger
SYDNEY, AUSTRALIA: Pacific Current Group Limited (ASX:PAC) has sold its investment in Proterra Investment Partners Asia PTE. Ltd. (Proterra Asia), a subsidiary of Proterra Investment Partners LP (Proterra), to Challenger Funds Management Holdings Pty Limited, a subsidiary of Challenger Limited (ASX:CGF), an Australian-based investment management firm. Pacific Current will receive approximately US$8.25 million in the…
YouTube to launch its first official shopping channel in South Korea
YouTube, the world’s largest online video platform, announced on Wednesday that it will launch its first official shopping channel for live commerce in South Korea on June 30, Yonhap news agency reported. The new channel, which will operate in Korean language, will start as a 90-day project and will provide a live-commerce platform to companies…
Chinese electric car company, Nio gets $738.5 million investment from Abu Dhabi fund
ABU DHABI, UAE: Nio, a Chinese electric car company, announced Tuesday that it received $738.5 million in new capital from a fund owned by the Abu Dhabi government. The fund, CYVN Holdings, is a subsidiary of the Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds. The strategic investment gives CYVN…
UK inflation remains high in May as consumer prices rise by 8.7%
The UK inflation rate remained high in May, as consumer prices rose by an annual 8.7%, unchanged from the previous month, according to the Office for National Statistics (ONS). On a monthly basis, headline CPI increased by 0.7%, while core inflation — which excludes volatile energy, food, alcohol and tobacco prices — gained by an…
Exchange rates for GBP against major currencies on June 21, 2023
LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP-exchange market. According to www.exchangerates.org.uk: GBP-EUR 1.1701 Pounds to Euros GBP-USD 1.2765 Pounds to Dollars GBP-NZD 2.0674 Pounds to New Zealand Dollars GBP-AUD 1.8837 Pounds to Australian…
Hoffmann Green Cement Technologies to build four plants in Saudi Arabia with Shurfah Holding
PARIS, FRANCE: Hoffmann Green Cement Technologies has announced at the French-Saudi Investment Forum the signing of an agreement with Shurfah Holding that defines the main points of an exclusive licensing contract to build four Hoffmann units in Saudi Arabia. Shurfah Holding is a conglomerate with a wide range of investments in real estate, industry, financial…
TAQA acquires Sustainable Water Solutions Holding to expand its water portfolio
DUBAI, UAE: Abu Dhabi National Energy Company PJSC (TAQA), an international energy and water company, has announced that it has entered into a definitive agreement to acquire Sustainable Water Solutions Holding Company (SWS Holding), a newly established entity that owns Abu Dhabi Sustainable Water Solutions Company (ADSWS), the main provider of wastewater collection, treatment, and…