BP PLC said Thursday that it is selling a German crude oil refinery to Switzerland's Klesch Group in order to save the British oil and gas heavyweight $1 billion in operating costs as it looks to trim its expenditures.
BP PLC said Thursday that it is selling a German crude oil refinery to Switzerland's Klesch Group in order to save the British oil and gas heavyweight $1 billion in operating costs as it looks to trim its expenditures.
Grafton Group PLC said Thursday that it has entered into an agreement to acquire Mercaluz, a Spanish air-conditioning equipment distributor, for €165 million ($190 million) to take advantage of Iberia's growing construction sector.
Defense contractor BAE Systems said Thursday that it is selling its entire 6.86% holding in Air Astana, allowing it to completely exit the stake it has held in Kazakhstan's flag carrier since it was formed in 2001.
Strategic Minerals PLC said Thursday that it has raised about £4.7 million ($6.2 million) through the sale of shares, which the minerals explorer plans to use to fast-track its tungsten project in southwest England.
Corcel PLC said Thursday that it has raised £3.6 million ($4.8 million) through a share subscription which the oil and gas explorer expects to strengthen its balance sheet ahead of drilling work in Angola.
IG Group Holdings PLC said Thursday that it will return £125 million ($166 million) to investors through share repurchases in a move the financial technology company stated is expected to lower its share capital.
