LONDON: Mining giants Rio Tinto and Glencore confirmed they are in preliminary discussions about a deal that could see Rio Tinto acquire “some or all” of Glencore, a merger that would create the world’s largest mining company with a combined market value of nearly $207 billion. The companies said late Thursday that the talks,…
SYDNEY – Stonepeak has entered into a definitive agreement to acquire Allgas, a leading gas distribution network located in Queensland, Australia, from the APA Group (ASX: APA), Marubeni Corporation, and other shareholders. Allgas is the provider of gas haulage infrastructure in the catchment area spanning Brisbane to the northern tip of New South Wales,…
PARIS: SPIE, the independent European leader in multi-technical services in the areas of energy infrastructure and communications, announces the signing of an agreement to acquire Worley Power Services, a subsidiary of Worley Group. With this acquisition, SPIE Global Services Energy expands its core expertise in technical maintenance to include power generation assets. Building on…
LONDON — Venture capital firm Molten Ventures PLC said Tuesday it invested 12.5 million pounds ($15.8 million) in energy analytics company Modo Energy and sold part of its stake in satellite operator ICEYE, generating about 17.5 million pounds ($22.1 million) in cash. The deals highlight the firm’s strategy of funding high-growth technology businesses and…
PARIS – TotalEnergies has signed agreement with Energetický a průmyslový holding, a.s. (EPH) for the acquisition of 50% of its flexible power generation platform (gas-fired and biomass power plants, batteries) in Western Europe (Italy, United Kingdom and Ireland, Netherlands, France), valued at €10.6 billion (enterprise value), i.e. a multiple of 7.6x 2026 EBITDA. Under…
AMSTERDAM: New Sources Energy N.V. (NSE) and Conduit Ventures Ltd. (CV) said on Thursday they have signed a memorandum of understanding to form an exclusive strategic partnership aimed at jointly financing and developing renewable energy and energy efficiency projects. The collaboration will combine private and public equity mechanisms to support portfolio companies in the…
LONDON: MBS Global Investment Co. L.L.C. has acquired 18.12% stake in Ethtry Plc (AQSE: ETHY), the UK-listed company advancing an Ethereum Treasury Policy for its investments in the development and operation of its commercial activities in the battery energy storage sector. Headquartered in Dubai, MBS is the investment arm of the Private Office of…
LONDON – African energy firm Chariot Ltd (AIM: CHAR) said on Tuesday it has signed a Memorandum of Understanding (MoU) with Saudi Arabia’s ACWA Power to explore creating a sustainable energy business focused on southern Africa. The partnership will aim to develop, own and operate a portfolio of transitional power assets, including renewable energy,…
MUSCAT: Oman Tank Terminal Company (OTTCO), a subsidiary of OQ Group, and Royal Vopak, signed today a shareholder agreement to establish a new company in the Special Economic Zone at Duqm (SEZAD). The agreement, concluded during the Duqm Economic Forum 2025, reflects OQ’s continued commitment to expanding its investments in Duqm and supports national…
OVERATH: Copeland, a global leader in sustainable climate solutions, announced Friday it has reached an agreement to acquire SPH Sustainable Process Heat, a Germany-based industrial heat pump technology company. The acquisition is expected to strengthen Copeland’s industrial heating portfolio, enabling broader delivery of high-temperature heat pump solutions under its Vilter brand. SPH will continue…
PARIS: Legrand (Paris:LR), a global specialist in electrical and digital building infrastructures, announced Friday it has acquired Avtron Power Solutions (Avtron), a Cleveland-based provider of load banks and power quality solutions, in a deal valued at $1.125 billion. The acquisition strengthens Legrand’s footprint in energy transition-related technologies, particularly in high-growth verticals such as datacenters,…