It’s the biggest offshore rig deal of 2022, and it is the most confusing by far. The complexities of the deal scream out why more transparency is needed in corporate di ..
Temasek
Haldor Topsoe becomes member of Hydrogen Council to promote green hydrogen solutions
Haldor Topsoe becomes member of Hydrogen Council to promote green hydrogen solutions
- The Hydrogen Council is an ideal platform for enabling the energy transition through partnerships.
- Topsoe membership of Hydrogen Council will accelerate Power-to-X solutions for the hard-to-abate sectors including steel, cement, mining, and heavy transportation.
- Topsoe is the first Danish company to join the Hydrogen Council.
“We are excited to join the Hydrogen Council as it resonates very well with Topsoe´s...
M&A radar: Rewind & forward – who’s next?
It didn’t take long for the one firm topping the “M&A radar: Who’s next?“ podium, Agility GIL, to be taken over after our Premium coverage in March last year.
The rich $4.2bn DSV proposal came just about four weeks later, in fact.
In random order, feedback from (invaluable) sources, a bit of luck...
M&A radar: Mærsk spree… LF Logistics $3.6bn buy – ‘boisterous insanity’?
On Monday, quickly sifting through the 99,999-plus-unread-emails in my inbox (screen grab below) I thought: the M&A binge outside logistics looks so good and widespread, anyway, that something must be fundamentally broken but we’ll soon have our ‘glory days’ in supply chain.
Ohhh, if grandma was still around.
Then
Tuesday came with the MSC/BAL asset-based €5.7bn announcement and today we were incredibly pleased to find out, given the M&A news flow, that …
The post M&A radar: Mærsk spree… LF...
https://theloadstar.com/ma-radar-maersk-spree-lf-logistics-3-6bn-buy-boisterous-insanity/
Against the odds: No rat traps sprung as BDP sale saga ends with PSA biting
I almost – damn it, damn it, damn it! – reached my final ‘M&A destination’ yesterday, having thought and mused and talked relentlessly about the BDP International takeover for about 15 hours, until late evening…
… when some rather colourful remarks were shared, internally at Premium, by yours truly – given that it was all so strangely quiet for a classic forwarder/3PL + forwarder/3PL deal… about happen, according to sources.
“Someone said it’s …
The post Against the odds: No rat traps sprung as...
https://theloadstar.com/against-the-odds-no-rat-traps-sprung-as-bdp-sale-saga-ends-with-psa-biting/
PIL set to repay debts early, thanks to change in fortune for liner industry
Troubled liner operator Pacific International Lines (PIL) has announced to the Singapore Stock Exchange that it intends to clear its debts by 30 December.
According to PIL, it will be thanks to the upturn in the fortunes of the container shipping industry, along with various financial initiatives it has undertaken to restructure its debts.
It said: “In light of the company’s improved financial position and in appreciation of the support shown by …
The post PIL set to repay debts early, thanks to...
https://theloadstar.com/pil-set-to-repay-debts-early-thanks-to-change-in-fortune-for-liner-industry/
Singapore shipyards commence talks on potential merger
Singapore shipbuilders Keppel Corporation and Sembcorp Marine have entered into a non-binding memorandum of understanding (MOU) to enter into exclusive negotiations with ..
E2open to acquire BluJay Solutions; deal valued at $1.7B
E2open Parent Holdings Inc. (NYSE:ETWO), a global cloud-based supply chain management platform based in Austin, Texas, announced Thursday it plans to acquire the Holland, Michigan-based logistics execution platform BluJay Solution. The deal could be valued at $1.7 billion, consisting of $760 million in cash and 72.4 million shares, giving BluJay shareholders approximately 22% ownership of the combined company.
BluJay’s current shareholders, Francisco Partners and Temasek, will be able to appoint...
https://www.freightwaves.com/news/e2open-to-acquire-blujay-solutions-deal-valued-at-1-7b
JD Logistics sets IPO price, eyes $3.4B valuation
On Monday, JD Logistics, the supply chain spinoff of JD.com (NASDAQ:JD), set its Hong Kong IPO price between $HK39.36 and $HK43.36 for a total of 609.1 million shares. This pricing could lead to a $3.4 billion valuation for the company.
JD.com plans to hold 10% of JD Logistics’ shares, according to the new filing.
The listing would also provide an over-allotment option that would provide another 91 million shares, raising an additional $510 million.
Joint sponsors for the IPO include BofA...
https://s29755.pcdn.co/news/jd-logistics-sets-ipo-price-eyes-34b-valuation
Grab to secure $4.5B in new funding from $39.5B SPAC merger
Singapore-based Grab Holdings announced it will go public on the NASDAQ stock exchange through a merger with special purpose acquisition company (SPAC) Altimeter Growth Corp. (NASDAQ: AGC) in a deal that will value the company at approximately $39.5 billion.
AGC was off more than 5% in morning trading following the news. It closed Monday at $13.95.
Grab will net nearly $4.5 billion in funding from the transaction, including private investment in public equity (PIPE) funding of $4 billion....
https://www.freightwaves.com/news/grab-to-secure-45b-in-new-funding-from-395b-spac-merger