Saturday, October 19

Tag: joint ventures

Stellantis, CATL in Talks for EV Battery Supply Deal With JV Potential
21Nov By adminNo Comments
World

Stellantis, CATL in Talks for EV Battery Supply Deal With JV Potential

Stellantis has signed a memorandum of understanding with CATL for the supply of electric-vehicle batteries in the European market.The Netherlands-based maker of Jeep and Dodge said Tuesday that the nonbinding agreement with the Chinese battery maker outlines a long-term agreement for the supply of lithium iron phosphate batteries. The deal could lead to a joint venture with equivalent contributions, Stellantis said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Ramsay Sime Darby Health Shortlists Bidders for Over $1.0 Billion Deal
2Nov By adminNo Comments
World

Ramsay Sime Darby Health Shortlists Bidders for Over $1.0 Billion Deal

Updated Nov. 1, 2023 10:41 pm ETTPG-backed hospital operator Columbia Asia and a consortium led by Affinity Partners have emerged as the two shortlisted bidders for buying Asia-focused private hospital group Ramsay Sime Darby Health Care, people familiar with the deal said.One of the people said the 50:50 joint venture between Australian hospital operator Ramsay Health Care and Malaysian conglomerate Sime Darby aims to wrap up its over $1 billion sale by December.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Brookfield-Led Consortium Raises Bid for Origin Energy to $10.5 Billion
2Nov By adminNo Comments
World

Brookfield-Led Consortium Raises Bid for Origin Energy to $10.5 Billion

Updated Nov. 1, 2023 9:23 pm ETSYDNEY—A consortium led by Brookfield Asset Management raised its takeover offer for Australia’s Origin Energy to around US$10.50 billion, but again ran into opposition from a big investor who thinks it is trying to buy the energy retailer and generator on the cheap.Origin on Thursday said the Brookfield-led group is now offering 9.53 Australian dollars (US$6.10) per share, which values the company at A$16.41 billion. The revised offer is some 8% higher than the cash consideration of A$8.81 per share outlined in bid documents when Origin agreed to the acquisition in March.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Jeep Maker Stellantis Bets on a Chinese EV Startup, but Is It the Right One?
27Oct By adminNo Comments
Money

Jeep Maker Stellantis Bets on a Chinese EV Startup, but Is It the Right One?

Oct. 26, 2023 11:41 am ETBuying into a Chinese automaker sounds like a great answer to the challenge of making cheaper electric vehicles. If only it were easier to pick winners.Chrysler owner Stellantis said Thursday that it was spending the equivalent of about $1.6 billion to buy a roughly 20% stake in Zhejiang Leapmotor Technology. It will get two board seats and become Leapmotor’s exclusive export partner via a Europe-based joint venture in which Stellantis will own 51%.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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