CLICHY – L’Oréal today announced the acquisition of an additional 10% in Galderma Group AG from a consortium led by EQT, which includes Sunshine SwissCo GmbH (SSCO), Abu Dhabi Investment Authority (ADIA), and Auba Investment Pte. Ltd. (all acting in coordination as sellers) for an undisclosed amount. The transaction brings L’Oréal ownership of Galderma’s share…
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, battery…
HELSINKI — Nokia announced Tuesday that chipmaker Nvidia is acquiring a $1 billion stake in the Finnish networking company, a move that sent Nokia’s shares soaring and marks the latest in a series of strategic partnerships for the artificial intelligence giant. Under the deal, Nokia will issue more than 166 million new shares to Nvidia….
NEW YORK: Citi and Coinbase announced intention to collaborate on digital asset payment capabilities for Citi’s institutional clients and explore additional global clients in the future, further solidifying both companies’ market leadership in payment solutions. The initial phase of their collaboration focuses on fiat pay-ins/pay-outs, supporting Coinbase’s on/off-ramps—the bridge between traditional fiat and digital asset…
LIEGE: Belgian biopharmaceutical company Hyloris Pharmaceuticals SA said on Monday it has signed an exclusive license and distribution agreement with China’s Grand Life Sciences Group Co., Ltd. for HY-094, its investigational injectable iron therapy. The partnership grants Grand Life Sciences the rights to develop and commercialize HY-094 in China, a market for intravenous (IV) iron…
SINGAPORE: Singapore’s Trek 2000 International Ltd said on Monday its subsidiary has entered a strategic partnership with U.S.-based Aboard AI Inc to co-develop an artificial intelligence-driven solution for aviation safety and fleet management. The system will leverage Trek’s patented high-speed wireless memory technology and Aboard AI’s algorithms to analyse real-time flight data, aiming to identify early…
LONDON: Diversified Energy Company (LSE: DEC; NYSE: DEC) and global investment firm Carlyle (NASDAQ: CG) announced Tuesday a strategic partnership to invest up to $2 billion in existing U.S. natural gas and oil assets. The collaboration will combine Carlyle’s asset-backed finance expertise with Diversified’s operational experience in acquiring and managing long-life energy assets. Under the…
LONDON: Eden Research plc, a sustainable biopesticide and biocontrol technology company, announced a strategic partnership with Royal Holloway, University of London, to advance its seed treatment product for cereals and vegetables. The collaboration, formed under Innovate UK’s Knowledge Transfer Partnership program, will leverage academic expertise and research facilities to broaden the application of Eden’s flagship…
LONDON: AstraZeneca has entered a strategic research collaboration with China-based CSPC Pharmaceuticals Group Limited to accelerate the discovery of novel oral therapies using artificial intelligence. The partnership will focus on identifying and developing pre-clinical candidates for chronic diseases, including a small-molecule oral therapy for immunological conditions. The research will leverage CSPC’s AI-powered drug discovery platform, which analyzes…
NEW YORK: DigitalOcean Holdings, Inc. (NYSE: DOCN) announced a collaboration with AMD to provide its customers with access to AMD Instinct™ GPUs, (AI GPUs) starting with the MI300X model, to power artificial intelligence workloads. The cloud computing company said it will later expand its offerings to include AMD’s high-performance MI325X GPUs, giving developers more affordable…
Commerzbank and Visa have agreed on a strategic partnership in card business. The companies are expanding their existing successful cooperation in payments. In the future, Commerzbank customers will preferentially receive debit and credit cards of the global technology company Visa. The long-term agreement supports Commerzbank’s strategic direction in payments and ensures the Bank’s access to future…
LONDON: Ørsted has announced a $572 million divestment of a 50% equity stake in three U.S. onshore projects to Energy Capital Partners (ECP), a prominent energy transition-focused investor. The projects, set to begin operations in 2024, include two solar farms in Texas, Mockingbird Solar (468 MW) and Sparta Solar (250 MW), and Eleven Mile Solar…