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Saudi Arabian Industrial Investments Company (Dussur), owned by PIF, Aramco and Sabic, has signed five new shareholder deals governing four joint ventures, including $270 million steel pipe plant, and a global acquisition.
RIYADH: The Saudi Arabian Industrial Investments Co., known as Dussur and owned by PIF, Aramco and SABIC, has announced the signing of five new shareholders’ agreements. The agreements consist of four joint ventures and one global acquisition deal, it said in a statement. Firstly, a $270 million JV agreement with the Korean SeAH Changwon Integrated Specialty Steel Co. to
Sponsored Wilbur Ross, who served as Secretary of Commerce under former President Donald Trump, has created a special purpose acquisition company that aims to profit from the next industrial revolution. The SPAC, Ross Acquisition Corp. II, disclosed in a regulatory filing Tuesday that Larry Kudlow, who served as Trump’s director of the National Economic Council, is part of its management team. Ross is the blank-check company’s president, chairman and chief executive officer, while Kudlow is one of three board directors, the filing shows. Ross Acquisition Corp. II plans to raise $30...
BroadPeak Global-led consortium to buy DuPont Clean Technologies for $510m Photo by Andrea Natali on Unsplash February 2, 2021 A private equity consortium comprising New York-based BroadPeak Global LP, China-based Asia Green Fund (AGF) and The Saudi Arabian Industrial Investments Company (Dussur) announced on Monday that it has signed a definitive agreement to buy the Clean Technologies business of US-listed chemicals firm DuPont de Nemours for $510 million in cash. As part of the transaction, San Francisco-based investment firm Tensile Capital Management LP is providing preferred equity fina...