Dr Kiprono Kittony, the chairman of the Nigeria-Kenya Chamber of Commerce, announced in a meeting in Abuja Monday that 7 of the 46 newly discovered oil fields will be granted to Nigerian business men.
Kifisia, Greece-based petroleum and petrochemical gas products transporter StealthGas Inc raised $47 million through the sale of 4.47 million common shares at $10.50 apiece for its vessels purchases and other corporate purposes.
Oil and gas producer Seplat, the first publicly listed oil and gas firm in the Nigerian bourse, said that it would end its gas flaring activities in the country by September and expects that the practice would be halted in the country by 2020.
Kansas, US-based wire rope manufacturer WireCo WorldGroup Inc acquired the assets of Gouda, Netherlands-based construction and transport materials supplier Endenburg BV for an undisclosed amount to beef up its delivery system.
Wellington, New Zealand-based mining firm Bathurst Resources Ltd secured A$7.39 million in a discounted placement of its shares at A$0.06 (NZD0.065) apiece to gain funds for its open-cut coal project on the Denniston Plateau.
Glencore Xstrata sold its Peru copper mine to consortium led by China MinMetals in an all cash deal valued USD5.8 billion, reported Ventures Africa.
Auburn Hills, US-based powertrain supplier BorWarner bought Esslingen, Germany-based exhaust gas and thermostat producer Gustav Wahler GmbH & Co KG for an undisclosed sum to strengthen its position in the market.
Takamatsu-shi, Japan-based cranes and aerial work platforms manufacturer Tadano Ltd completed its acquisition of its Yorkshire, UK-based distributor Cranes UK for an undisclosed amount to continue its market expansion.
Illinois, US-based testing and consulting firm Professional Service Industries Inc added Midwest Engineering Services Inc for an undisclosed amount to become the biggest testing firm in Wisconsin.
Global private equity firm The Riverside Company provided an undisclosed investment amount to the Harvey Tool Company, a specialized cutting tools provider based in Rowley, Massachusetts.
BlackRock, the world's biggest fund manager, has joined the growing list of investors that have warned against the risks faced by the Great Barrier Reef, Bloomberg News reported.
Illinois, US-based cleantech firm LanzaTech landed $60 million in a Series D funding round led by Mitsui & Co LTD to convert toxic factory gases into renewable fuel.
Cubility, the maker of MudCube, has been bought by funds advised by Triton from Energy Ventures for an undisclosed price tag, a statement about the acquisition said.
Horizonte Minerals Plc plans to raise $15 million to fund a final feasibility study aimed at getting investor support for its nickel project in Brazil, Bloomberg News reported.
Saint Helier, Jersey-based gold mining and minerals exploration Lydian International pocketed C$4.7 million in a private share sale to its shareholders International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (ERBD) to fund its operations in Armenia.
Subscribe to VCpost newsletter
- Apple margin concerns fade, focus shifts to iPhone launch
- In China, Apple's focus pays off while Samsung feels squeeze
- Swatch Group denies working with Apple on smartwatch
- Netflix profit doubles on U.S., foreign subscriber growth
- TalkTalk attracts 185,000 new customers to its family TV offer
- StubHub was victim of cyber fraud ring; arrests to be announced
- Nokia's fortunes brighten on heavy network spending
- Google under fire from regulators over response to EU privacy ruling