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Financial Performance and Strategy news
(page 7)
9 April 2026
Galp acquires 351 MW Spanish onshore wind portfolio
17 operational wind assets (avg COD 2009) producing ~750 GWh/yr; equity value ~€320m, expected close 2Q26; raises renewables to 2 GW and wind share to ~25%
8 April 2026
CELLforCURE seeks buyer for Les Ulis site
Seeking buyer to preserve cell & gene therapy manufacturing after funding slowdown, project cancellations and US relocation. Takeover sought in coming months; employee support prioritized.
6 April 2026
Mesabi Metallics raises $150M from Macquarie
World-scale DR-grade iron ore mine and pellet plant in Nashwauk, MN, set for Q3 2026 start; $2.5B project on 16,000+ acres, EXIM support, $2B+ equity invested and 800 workers onsite.
6 April 2026
Trinseo: The Node That Ran Out of Time
Lender waivers expiring; missed interest; market cap far below debt. Costly M&A and validated PC/ABS dissolution recycling tech, but cash‑strapped amid energy shocks and no sovereign backer—sale likely.
2 April 2026
Trinseo raises European PS and ABS prices €590/t; SAN €600/t
Price increases take effect Apr 1, 2026, or as governed by existing contract terms.
2 April 2026
Petrobras settles Shared Tupi Field redetermination payments
On 31/03/2026 received ~R$3bn from partners and paid ~R$600m to the Union; participation increased from 67.216% to 67.457% effective 01/12/2025; amounts recognized in 4Q25.
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2 April 2026
ABO Energy Advances International Projects
Sold rights to 63 MW wind project in New Brunswick (with PPA); signed Owner’s Engineering for 64.86 MWp Belorado I solar in Spain; received final payment for sold 200 MW Colombian solar project.
1 April 2026
MOL boosts ALTEO stake to 39.97% and swaps 15% Waberer's stake
Share-swap: 15.38% exchanged for 15% stake; transaction priced on 180-day averages, no cash flows. Parallel sale of 9.22% to Riverland. Pending regulatory approvals; close expected Q2 2026.
1 April 2026
Grupa Azoty to sell GA Polyolefins to Orlen for PLN 1.183bn
On 31 Mar 2026 a preliminary agreement was signed to sell 100% of the shares; the deal will be carried out on a cash-free, debt-free basis.
1 April 2026
ABO Energy Advances German Wind Projects
Won tariffs for 16.4 MW; secured permits for Olpe‑Rehringhausen (21 MW), Tholey (14 MW) and St. Gangloff (35 MW); sold Nonnenholz II (6 MW); activated Ortenberg financing; 650 MW permitted.
1 April 2026
LKAB: Johan Menckel on presence and responsibility
New CEO pledges presence and clear priorities: modernise mining (automation, electrification, digitalisation), shift to carbon‑free processes, extract critical minerals, and support affected communities.
1 April 2026
RWE sells Swedish wind portfolio to Aneo
Sale transfers 1.8 GW onshore development pipeline, 124 MW operational onshore farms, 48 MW Karehamn offshore, a third-party onshore service business and related development, ops and offshore teams.
1 April 2026
EIB lends €500m to Eni for Sannazzaro biorefinery conversion
15-year loan backs Sannazzaro refinery conversion to Ecofining HVO diesel and SAF from used oils, fats and agri-food waste, ~550,000 t/yr, aiding transport decarbonisation
1 April 2026
Nouryon raises global ketone peroxide prices up to 30%
Effective April 1, 2026: price adjustments across Cadox, Butanox and Trigonox due to Middle East-driven oil and feedstock cost rises; supplier will work with distributors to maintain supply.
31 March 2026
Breakwall Capital, Vitol Close Valor Mining Credit Partners II
New mining credit fund focusing on structured, event-driven financing for mining and critical minerals. First deal: $520M loan to back a US iron-ore mine and pellet plant; project has $2.2B+ invested.
31 March 2026
Mesabi Metallics secures $520M Breakwall financing to advance U.S. DR iron-ore project
Northern Minnesota DR-grade iron ore mine and pellet plant on 16,000+ acres progressing toward commercial start; $2.5B project, 750+ construction workers onsite, backed by EXIM support.
31 March 2026
LanzaTech Q4 & FY2025 Financial Results
Closed $20M private placement; awarded €40M EU grant; completed LanzaJet share transfers (peak 53%, later ~46% after Series A); revenue $55.8M; net loss $49M; opex -21%
31 March 2026
OMV and XRG form Borouge International
Merger of Borouge, Borealis and NOVA creates global pure‑play polyolefins leader with 13.6 Mtpa capacity, >$500M synergies, advantaged feedstock and investment‑grade ratings
31 March 2026
OCI Global sells OCI Ammonia Holding to AGROFERT
100% stake in ammonia holding sold for EUR 290m (subject to closing adjustments). Sale includes Europoort terminal and distribution; Geleen production retains terminal access via throughput agreement.
31 March 2026
Lilly to acquire Centessa Pharmaceuticals for OX2R sleep‑wake portfolio
$38/ADS cash + up to $9 CVR (max $47/sh); upfront equity ~$6.3B (CVR ~$1.5B). Lead OX2R agonist cleminorexton showed positive Phase 2a for narcolepsy and idiopathic hypersomnia. Close expected Q3
31 March 2026
Messer 2025 results: €4.5bn revenue, €1.4bn EBITDA, €747m investments
Stable 2025: margin held, net debt reduced, staff >12k. Investments in air-separation, on-site/CO2/cylinder plants, helium, decarbonization, R&D/digitalization. 2026 growth expected.
31 March 2026
Mitsubishi Gas Chemical to End Polycarbonate Production at Kashima Plant
Discontinuing Kashima polycarbonate plant in March 2028 (120k t/yr) due to weak margins and oversupply. Domestic supply to shift to overseas sites; employees prioritized; financial impact under review.
31 March 2026
Mitsubishi Chemical transfers KMC MMA monomer stake in Taiwan to CPDC
Dissolve co-ownership of Taiwan MMA unit amid stronger Asian competition and Chinese capacity growth; consolidate production to competitive sites and pursue high-growth markets. Completion Aug 3, 2026.
31 March 2026
Sumisho Venture Partners launches ¥10 billion fund
Shifting to a fund structure to enable medium/long‑term, larger lead investments, deepen portfolio engagement and co‑creation, and pursue strategic and financial returns in digital, AI and deep tech
30 March 2026
Holcim acquires majority stake in Cementos Pacasmayo
Acquisition expands Peru footprint: target had 2025 sales $630M, 28% adj. EBITDA; 3 plants (~5Mtpa) and 28 ready-mix/precast sites. Deal ~7.1x EBITDA post $40M synergies; EPS accretive Y1, ROIC Y3.
30 March 2026
Golden Pass LNG (QatarEnergy/ExxonMobil) achieves first LNG production
First LNG produced from Train 1 of the 18 mtpa Sabine Pass project, enabling sustained liquefaction and paving way for first cargo and full exports beginning Q2 2026.
30 March 2026
BASF Pharma Solutions raises prices up to 20% for excipients and selected APIs
Price change for excipients and selected APIs to support reliable supply amid rising energy and raw-material costs. Effective immediately or per contracts; company will monitor and update.
30 March 2026
LANXESS hikes sulfur-based product prices 40%
Immediate average 40% price increase on sulfur-based products (sulfuric acid, oleum, sodium bisulfite) due to higher sulfur, logistics and energy costs; adjustment needed to secure supplies.
30 March 2026
Iberdrola awards €3.5bn contracts for Eastern Green Link 4 HVDC subsea interconnector
Contracts awarded for a 640 km HVDC subsea link (2,000 MW) between Scotland and England, supplying 1.5M+ homes; construction starts 2028, commissioning 2033; part of wider UK grid investment.
29 March 2026
LOTTE Chemical to merge with HD Hyundai Chemical after Daesan spin-off, pivots to specialty materials
Targets >60% specialty by 2030; building a 500k t/yr compounding plant; creating hydrogen value chain—four fuel-cell plants (80MW) and 450‑bar H2 hub; expanding high-end copper foil and TMAH output.
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