Mergers, Acquisitions, and Partnerships news (page 6)

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  31 March 2026

  Covestro at Techtextil 2026: sustainable, productivity-focused textile solutions

  Showcases coatings, adhesive films and TPUs: waterborne/partly bio-based PUs, antimicrobial finishes, high-performance TPU films for electronics/CIPP, recyclable cushioning and SCF-foamable TPUs
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  31 March 2026

  Gestamp signs 10-year renewable PPA with Iberdrola for 660,000 MWh

  Supply of 100% renewable power (80% wind/20% solar) from 34 MW capacity at fixed competitive price; supports electrification and decarbonisation of the auto supply chain. Certificates of origin.
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  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
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  31 March 2026

  Topsoe signs FEED deal with Hynfra for Jordan green ammonia

  FEED underway for Jordan green ammonia: synthesis tech will convert green H2 to ammonia, avoiding >200,000 t CO2e/yr. FID expected 2027; plant to start 2030; exports planned.
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  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.
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  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.

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  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.
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  30 March 2026

  TotalEnergies completes UK North Sea merger with NEO NEXT

  Merger completed; combined group renamed; one party holds a 47.5% stake. It becomes the largest independent producer on the UK Continental Shelf, with 2026 output >250,000 boe/d.
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  30 March 2026

  Itabus fleet adopts Enilive HVO

  Entire 100-vehicle fleet runs on HVO made from waste, cutting CO2eq by 79.5%. In 2025 it logged 20M km, used over 3M L HVO (53% avg, 75% peak in Dec).
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  30 March 2026

  UBE obtains food-contact approval for UBECycle recycled PE/PA films

  Accredited migration testing plus RecyClass‑certified recycling (following Paulowsky acquisition) confirm regulatory compliance and open use of mechanically recycled PE/PA in regulated packaging.
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  30 March 2026

  GSK's bepirovirsen accepted for regulatory review in China for chronic hepatitis B

  China NMPA accepted NDA for bepirovirsen after Phase III B-Well trials showed significant functional cure rates in treated CHB patients; granted Breakthrough Therapy; acceptable safety.
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  30 March 2026

  Eneve acquires Nemon to enter Iberian market

  Acquisition opens Iberian market, adds 30 specialists, supports 100+ suppliers, expands platform with software for billing, forecasting, market comms and trading; integration under way
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  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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  29 March 2026

  Merck: WINREVAIR Phase 2 CADENCE shows proof‑of‑concept in CpcPH‑HFpEF

  Met primary endpoint with significant PVR reduction at 24 weeks vs placebo. Also favorable mPAP/PAWP, NT‑proBNP and 6MWD trends, delayed clinical worsening; safety consistent with known profile.
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  27 March 2026

  TotalEnergies and EDF agree 12‑year nuclear supply for French refining and chemicals sites

  12‑year nuclear allocation (from 1 Jan 2028) will supply ~60% (~400 MW) of refining & chemical sites in France, sharing variability costs while the utility operates the plants.
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  26 March 2026

  ADNOC and OMV appoint executive team for Borouge Group International AG

  Roger Kearns, Dr. Stefan Doboczky and Dr. Hasan Karam to lead; interim CFO until May 2026; supervisory board set; deal on track to close by end‑March 2026, forming a global polyolefins leader
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  26 March 2026

  Arkema builds recyclable speed board for Zephir record attempts

  Eco-designed speed board uses recyclable liquid thermoplastic resin with recycled carbon fiber and matching foam, delivering thermoset-like performance, precision and full chemical recyclability.
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  26 March 2026

  BASF Coatings appoints Jens Luehring CEO after Carlyle deal closes

  Dr Uta Holzenkamp will lead until closing and then support the transition. Deal needs customary approvals; close expected Q2 2026. Incoming CEO has extensive carve-out and M&A experience.
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  26 March 2026

  Uniper & Stadtwerke Wolfenbüttel sign 9 GWh/year PPA for Lower Saxony wind

  PPA supplies ~15% of the utility's product portfolio, secures continued operation of six turbines no longer covered by EEG, started this year; pay-as-forecast billing reduces risk and eases planning
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  26 March 2026

  Topsoe terminates supply agreements with First Ammonia

  Partner missed key milestones despite extensions, triggering automatic termination. Company still has a 50 MW offtake in place and will complete an SOEC commercialization roadmap by end Q2 2026.
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  26 March 2026

  OMV and ADNOC appoint Borouge Group International AG executive team

  Appointed CEO Roger Kearns, CCO Dr. Stefan Doboczky, COO Dr. Hasan Karam; interim CFO Daniel Turnheim until May 2026. Appointments precede planned combination and acquisition closing by Mar 2026.
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  26 March 2026

  KazMunayGas 2025 Financial Results

  Revenue +12.5% to 9,371 bln KZT; EBITDA +19.6% to 2,393 bln; net profit down to 1,072 bln; net debt cut to 375 bln; production +10%; FCF +2.8%
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  25 March 2026

  OCI Hands Over Beaumont New Ammonia to Woodside

  Beaumont New Ammonia completed testing and was handed over to operator; $470M deferred payment received (20% of proceeds; net proceeds expected $242M in 2026). Project delivered after >6M man‑hours.
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  25 March 2026

  SPIE to acquire SGS Industrial Services to expand industrial services in Germany

  Adds ~800 staff; strengthens electrical & mechanical installation capabilities; €180M 2025 revenue, >10% margins; self‑financed; EPS accretive; closing by June 2026 subject to approvals
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  25 March 2026

  Merck to acquire Terns Pharmaceuticals, adding TERN‑701 for CML

  Acquirer to buy target biotech at $53/share (~$6.7B equity, ~$5.7B net). Lead oral allosteric BCR::ABL1 TKI showed week‑24 molecular responses in Phase1/2; expected Q2 2026.
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  25 March 2026

  ScottishPower secures £600m National Wealth Fund loan for EGL4 subsea link

  2GW, 530 km HVDC subsea link will transmit Scottish low-cost power to England (1.5M homes), cut constraint costs, boost energy security, and support UK clean-power grid upgrades
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  25 March 2026

  Novo Nordisk: UBT251 reduced HbA1c up to 2.16% at 24 weeks in Chinese Phase 2 T2D trial

  Triple-agonist UBT251 (GLP-1/GIP/glucagon) induced up to 9.8% weight loss, improved BP and lipids vs placebo/semaglutide. Safety consistent with triple-G class; global phase-2 and China phase-3 planned
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  24 March 2026

  MOL cleared by US to proceed with NIS majority‑stake acquisition talks

  U.S. OFAC extended the negotiation license to 22 May 2026, allowing finalization of sale documents and U.S. banks' participation; deal would transfer 56.15% stake, pending approvals.
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  24 March 2026

  WuXi Biologics posts record 2025 results

  2025 revenue +16.7% to RMB21.8bn; gross margin +500bps to 46%; EBITDA +38%; net profit +45%; 209 new integrated projects; backlog US$23.7bn; bi-/multi-specifics >120% growth
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  24 March 2026

  Equinor begins Raia pre‑salt gas drilling offshore Brazil

  Six wells started 24 Mar with Valaris DS‑17 in ~2,900m water; recoverable >1bn boe; capacity 16m m3/day (~15% national demand); start‑up 2028; $9bn investment; FPSO ~6 kg CO2/boe.