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Highlights: January 6, 2019 - January 10, 2020

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Christian Fernsby ▼ | January 13, 2020
The most interesting business stories that marked last week.
Highlights
What happened last week  
Huntsman Corporation sells its chemical businesses to Indorama Ventures for $2 billion

Huntsman CorporationHuntsman Corporation announced yesterday it has completed the sale of its chemical intermediates businesses, which includes PO/MTBE, and its surfactants businesses to Indorama Ventures in a transaction valued at approximately $2 billion, comprising a cash purchase price of approximately $1.93 billion....

Aircraft lessor Avation puts itself up for sale for nearly 17 billion pounds

AvationSingapore lessor Avation has put itself up for sale and is in preliminary discussions with one interested party....

Australia to give $1.4 billion to bushfire recovery

Fire in AustraliaAustralian Prime Minister Scott Morrison pledged A$2 billion ($1.4 billion) for a national recovery fund after fires....

Alcoa to sell Arkansas facility in $250 million transaction

Alcoa Gum Springs facilityAlcoa Corporation has agreed to sell its Gum Springs, Arkansas waste treatment facility, to Veolia ES Technical Solutions (VTS) in a transaction expected to close in the first quarter of 2020....

Spirit Airlines buys 100 Airbus A320neos

Spirit AirlinesSpirit Airlines has finalized a purchase agreement with Airbus for 100 A320neo Family aircraft....

British supermarkets had worst Christmas since 2014, says Nielsen

British supermarketBritish supermarkets experienced the lowest growth over the key Christmas period since 2014, with sales growing by just 0.5% year-on-year in the four weeks to Dec. 28, according to industry data published today....

Premier Oil proposed UK North Sea acquisitions from BP for $625 million

Premier OilPremier Oil announced the proposed acquisitions of the Andrew Area and Shearwater assets from BP for $625 million, and an additional 25 per cent interest in the Premier operated Tolmount Area from Dana for US$191 million plus contingent payments of up to $55 million....

Merck establishes $2.5 billion strategic oncology collaboration with Taiho and Astex

Taiho PharmaceuticalUnder the terms of the agreement, Merck, Taiho and Astex will combine preclinical candidates and their data with knowledge and expertise from their respective research programs....

VMware completes $2.7bn Pivotal Software acquisition

VMwareEnterprise software player VMware has completed the acquisition of US-based Pivotal Software for $2.7 billion....

ENGIE and partners acquire hydroelectric portfolio for 2.2 billion euros

ENGIEENGIE, together with its consortium partners Credit Agricole Assurances and Mirova, an affiliate of Natixis Investment Managers, got a competitive process conducted by EDP for the acquisition of a hydroelectric portfolio in Portugal, for an enterprise value and consideration of 2.2 billion euros....

Dominion Energy: Siemens Gamesa to supply turbines for 2.6GW U.S. offshore wind farm

Siemens GamesaDominion Energy has selected Siemens Gamesa as preferred supplier for its 2.64GW offshore wind project to be located 43.4km off the coast of Virginia Beach in the U.S....

Chile's president enacts law to slash drug prices 80 percent

Sebastian PineraChile's President Sebastian Pinera enacted a law to cut the price of pharmaceutical drugs by up to 80 percent....

UAE bought 93% more beef from Brazil in 2019

Beef from BrazilBrazil posted a record-high in beef exports in both volume and revenue in 2019....

Eli Lilly to acquire Dermira for $1.1 billion

Eli Lilly and CompanyEli Lilly and Company and Dermira announced a definitive agreement for Lilly to acquire Dermira for $18.75 per share, or approximately $1.1 billion, in an all-cash transaction....

Infosys Q3 digital revenues up 40.8%

InfosysInfosys increased its fiscal 2020 revenue guidance to a range of 10.0%-10.5% in constant currency....


 

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