Santander Corporate & Investment Banking (Santander CIB) has announced acquisition of a stake in sustainable energy company EIT InnoEnergy. The acquisition is a part of a EUR 140 million investment having other partners. InnoEnergy has a portfolio of 200 companies, of which three are unicorns estimated to generate €110 billion in revenue and save 2.1G…
Occidental announced to enter into a definitive purchase agreement with Carbon Engineering.Occidental will acquire all the outstanding equity of Carbon Engineering Ltd. for a total cash consideration of approximately $1.1 billion. The said is to be delivered in three approximately equivalent annual payments. The transaction will close before the end of 2023.The transaction is subject…
An investment holding company based in Abu Dhabi, the Multiply Group, has acquired a minority interest in Breakwater Energy for AED367 million ($100 million). This investment took place through the Group’s sector-agnostic arm, Multiply+. Due to this acquisition, the Group will partially own a highly profitable and cash-generative, diversified global upstream portfolio with significant gas…
ExxonMobil Corporation announced entering a definitive agreement to acquire Denbury. Denbury is a developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery.The acquisition is an all-stock transaction which values at $4.9 billion. Based on Exxon Mobil’s closing price on July 12, 2023, it is $89.45 per share. As per the terms…
INPEX, an exploration and production company based in Japan, has announced it has agreed to purchase 50% shares of Enel Green Power Australia (EGPA). Enel Green Power Australia is a subsidiary of the Italian utility company Enel S.p.A., aka (Enel). Enel S.p.A. is divided into two entities. These entities, Enel Green Power Australia Pty Ltd…
Bluesphere Ventures is a venture studio specializing in incubating environmental fintech ventures. It announced to acquire Climate Carbon, a Canadian broker of carbon and renewable energy credits. The acquisition is has the potential to reshape the industry and sustainability practices, claims the report. Bluesphere Ventures studio aims to nurture start-ups that create carbon credit and…
EcoOnline has signed a definitive agreement to acquire Ecometrica. Ecometrica provides ESG and Sustainability software to companies to reduce carbon footprint. The company is an EHS (Environment, Health and Safety) and ESG (Environmental, Social and Governance) software provider. The acquisition will increase EcoOnline’s presence in the ESG market. It will enhance the platform’s capabilities and…