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BP sells stake in motor oil arm Castrol in $6bn deal
Archie MitchellBusiness reporter Reuters The company that became Castrol was founded in London in 1899 BP has struck a $6bn (£4.4bn) deal to sell a majority stake in its motor oil division Castrol to a US investment firm. The oil giant sold a 65% stake in Castrol, which makes lubricants for cars, motorcycles and industrial vehicles, to New York-based Stonepeak. The deal valued Castrol at $10.1bn…
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Trump Media to merge with fusion energy firm in $6bn deal
The firm behind President Donald Trump’s Truth Social platform is merging with a Google-backed energy company in a deal valued at more than $6bn (£4.4bn). Trump Media & Technology Group (TMTG) and TAE Technologies announced the plans on Thursday in a joint statement, which said the move would “create one of the world’s first publicly traded fusion companies”. Fusion power is a method of…
Trump Media announces $6bn merger plan with fusion power company | Media
Donald Trump’s loss-making social media business has announced plans to merge with a fusion power company. Trump Media and Technology Group, owner of the US president’s minnow Truth Social platform, unveiled an extraordinary merger worth more than $6bn with TAE Technologies, combining its social media operation with a vast bet on the AI boom driving a surge in energy demand. TMTG intends to start…
More than €6bn raised for Ukraine at donor conference
More than €6bn raised for Ukraine at donor conference
An international donors conference collecting funds for Ukraine in Warsaw on Thursday raised €6.1bn ($6.5bn) to help the country defend itself against the Russian invasion, Poland’s prime minister Mateusz Morawiecki said. His co-host, Sweden’s prime minister Magdalena Andersson, said the sum exceeded their expectations. Countries such as Finland, France, the Czech Republic, Croatia and others…
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