SYDNEY, AUSTRALIA: Empire Energy has entered into an unconditional agreement to sell its US oil & gas assets located in the Appalachlan region for up to US$9.1 million, comprising upfront cash payment of US$5.9 million and contingent and solar deferred payments of US$3.2 million. Upon completion, Empire’s US Macquarie Bank credit facility will be repaid…
LONDON: HSBC Latin America B.V., a wholly owned subsidiary of HSBC Holdings plc, has entered into a binding agreement to sell its business in Argentina to Grupo Financiero Galicia, the largest private financial group in Argentina. Noel Quinn, Group Chief Executive, said: “We are pleased to agree the sale of HSBC Argentina. This transaction is…
LONDON, UK: concerned over insufficient returns, Johnson Matthey Plc (JM) has entered into an agreement for the sale of part of its Battery Materials business to EV Metals Group, a global battery chemicals and technology business. The Battery Materials business will be sold for a total consideration of £50 million in cash and Johnson Matthey…