Saturday, October 19

Tag: joint ventures

SQM Strikes Lithium Deal With State-Run Miner Codelco
29Dec By adminNo Comments
World

SQM Strikes Lithium Deal With State-Run Miner Codelco

Chilean lithium company SQM has reached an agreement with state-run miner Codelco to jointly produce the key energy-transition metal that abounds in the country’s desert salt flats.Under the deal, Sociedad Quimica y Minera de Chile and the National Copper Corporation of Chile, as Codelco is formally known, would form a new company to develop lithium in the Salar de Atacama from 2025 to 2060, they said in a statement Wednesday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
SQM Strikes Lithium Deal With State-Run Miner Codelco
28Dec By adminNo Comments
World

SQM Strikes Lithium Deal With State-Run Miner Codelco

Chilean lithium company SQM has reached an agreement with state-run miner Codelco to jointly produce the key energy-transition metal that abounds in the country’s desert salt flats.Under the deal, Sociedad Quimica y Minera de Chile and the National Copper Corporation of Chile, as Codelco is formally known, would form a new company to develop lithium in the Salar de Atacama from 2025 to 2060, they said in a statement Wednesday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Microsoft-OpenAI Partnership Draws Scrutiny From U.K. Regulator
8Dec By adminNo Comments
World

Microsoft-OpenAI Partnership Draws Scrutiny From U.K. Regulator

Updated Dec. 8, 2023 12:15 pm ETU.K. regulators said they are examining Microsoft’s partnership with OpenAI, marking a first push by one of the world’s most influential competition authorities to scrutinize the relationship between the tech giant and the artificial-intelligence company behind ChatGPT.Britain’s Competition and Markets Authority said Friday that it is seeking feedback on whether the partnership should be considered a de facto merger, in an initial step that could lead to a formal investigation.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Origin Energy Board Rejects Revised Proposal from Brookfield, EIG
30Nov By adminNo Comments
World

Origin Energy Board Rejects Revised Proposal from Brookfield, EIG

SYDNEY—The board of Origin Energy on Thursday rejected a revised proposal from a consortium of investors led by Brookfield and EIG to acquire the Australian power company.Origin said that a shareholder vote on the consortium’s original proposal would proceed as planned at 2 p.m. on Dec. 4. Origin said the board continues to recommend shareholders vote in favor of that proposal.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Apple Pulls Plug on Goldman Credit-Card Partnership
29Nov By adminNo Comments
Money

Apple Pulls Plug on Goldman Credit-Card Partnership

Apple is pulling the plug on its credit-card partnership with Goldman Sachs, the final nail in the coffin of the Wall Street bank’s bid to expand into consumer lending.  The tech giant recently sent a proposal to Goldman to exit from the contract in the next roughly 12-to-15 months, according to people briefed on the matter. The exit would cover their entire consumer partnership, including the credit card the companies launched in 2019 and the savings account rolled out this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Brookfield’s Origin Saga Shows It’s Hard to Price Polluters—Analysis
29Nov By adminNo Comments
World

Brookfield’s Origin Saga Shows It’s Hard to Price Polluters—Analysis

Nov. 29, 2023 12:05 am ET|WSJ ProSYDNEY—At the heart of a nearly US$11 billion takeover tussle for the owner of several Australian coal-fired power plants is a key question for investors: how to value a major polluter that could also become a big enabler of the energy transition.It isn’t proving easy. A consortium led by Brookfield Asset Management has made an offer for Origin Energy worth 9.43 Australian dollars a share, equivalent to US$6.21 a share, that it says is fair to shareholders. Brookfield says it will spend up to US$30 billion on accelerating Origin’s shift to renewable energy and storage over the decade through 2033.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Apple Pulls Plug on Goldman Credit-Card Partnership
28Nov By adminNo Comments
World

Apple Pulls Plug on Goldman Credit-Card Partnership

Apple is pulling the plug on its credit-card partnership with Goldman Sachs, the final nail in the coffin of the Wall Street bank’s bid to expand into consumer lending.  The tech giant recently sent a proposal to Goldman to exit from the contract in the next roughly 12-to-15 months, according to people briefed on the matter. The exit would cover their entire consumer partnership, including the credit card the companies launched in 2019 and the savings account rolled out this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Stellantis Repurchases $1.02 Bln Shares From Dongfeng Motor
23Nov By adminNo Comments
World

Stellantis Repurchases $1.02 Bln Shares From Dongfeng Motor

Stellantis has bought back 50 million common shares from Dongfeng Motor International valued at 934 million euros ($1.02 billion).The maker of Jeep, Dodge and a dozen other brands said late Wednesday that it will cancel the shares from the Hong Kong-based company, a subsidiary of China’s Dongfeng Motor Group Company. Stellantis has a joint venture with the parent company.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Brookfield Consortium’s Revised Origin Energy Offer Fails to Convince Biggest Shareholder
23Nov By adminNo Comments
World

Brookfield Consortium’s Revised Origin Energy Offer Fails to Convince Biggest Shareholder

Updated Nov. 23, 2023 12:11 am ETSYDNEY—A consortium led by Brookfield Asset Management made last-ditch changes to its near US$11 billion offer for Origin Energy but failed to convince Origin’s biggest shareholder to back the deal.The revised proposal, submitted Wednesday evening, forced the Australian energy company to postpone Thursday’s Sydney shareholder meeting just two hours before it was due to start. Shareholders, led by superannuation fund AustralianSuper, were unlikely to sufficiently support the prior offer, said Origin, as it postponed the shareholder meeting to Dec. 4.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More