Adani Ports and Special Economic Zone Limited, through its step-down subsidiary, Adani Harbour International DMCC will acquire 80% stake in Astro Offshore Group in an all-cash deal for $185 million, implying an enterprise value of $235 million. The deal involved acquisition of various assets and subsidiaries of the group spread across multiple jurisdictions and hence… Read More
Singapore-listed Yangzijiang Shipbuilding, China’s largest private shipbuilder, has entered into a joint venture agreement with Japan’s Tsuneishi Holdings to acquire a 34% equity stake in Tsuneishi Group (Zhoushan) Shipbuilding through a private share allotment worth $117m. Over the years, the two companies have collaborated in various areas of shipbuilding through their joint venture in Jiangsu… Read More
South Korean conglomerate Hanwha Group has made it known that it plans to acquire all shares it currently does not own in Singapore-based oil and gas fabricator Dyna-Mac via a tender offer worth up to 600bn won ($448m). The conglomerate’s defence and shipbuilding units Hanwha Aerospace and Hanwha Ocean already own a combined 25.36% stake in… Read More
Projects in 14 states will Advance Clean Technology and Support Local Economies TV assignment eds and producers: See a video message from Acting Administrator Veronica Vanterpool (downloadable clips suitable for broadcast) WASHINGTON – The U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced grants totaling nearly $300 million from President Biden’s Bipartisan Infrastructure Law to expand and modernize the nation’s… Read More
The Engineering News-Record (ENR), a leading US-based publication for the Architecture, Engineering, and Construction (AEC) industry, has released its latest industry report. The Engineering News-Record (ENR), a leading US-based publication for the Architecture, Engineering, and Construction (AEC) industry, has released its latest industry report. In this report, Arcadis ranked #3 overall in the Top International… Read More
