11 September 2023

Overview of latest articles

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Consumers will increasingly use their wallets to help fight climate change with carbon-offset purchases

Carbon offsets will increasingly be embedded in many purchasing decisions that retail consumers make each day. Deloitte predicts consumer purchases of carbon offsets will become pervasive and grow into a nearly US$100 billion market in developed economies by 2030.

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Enbridge to buy Dominion Energy's natural gas distribution division

Enbridge, the Canadian pipeline operator, is set to acquire three energy companies from Dominion Energy in a deal worth US$14 billion. The move will create the largest natural gas supplier in North America and effectively double Enbridge's gas distribution business. Enbridge has committed to pay USD 9.4 billion in cash and assume USD 4.6 billion in debt.

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PIF acquires metals division of chemicals producer Sabic

The Saudi Public Investment Fund (PIF) will take over the metallurgical division of chemicals manufacturer Sabic. The acquisition includes the purchase of Saudi Iron and Steel Company (Hadeed), a wholly owned subsidiary of Sabic, for approximately USD 3.3 billion.

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Petr Paukner buys a stake in Sokolovská uhelná

Petr Paukner acquired a roughly 10% stake in Sokolovská uhelná and SUAS Group. The exact price of the transaction remains undisclosed, but its value is estimated to be in the higher hundreds of millions of crowns.

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CVC to buy Dutch company DIF Capital Partners for €1 billion

CVC Capital Partners expands its presence in the infrastructure sector through an agreement with DIF Capital Partners. The move is aimed at diversifying the portfolio in preparation for a potential stock market listing.

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Orora to take over Saverglass

Australian packaging company Orora will acquire prestigious French glass bottle manufacturer Saverglass from PE firm Carlyle Group in a deal worth approximately $1.4 billion. The strategic move is expected to boost the ASX-listed manufacturer's revenues by almost 30%.

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