Sembcorp Industries completed its AU$6.5 billion (US$4.32 billion) acquisition of Alinta Energy, adding 3.4GW operational and 10.4GW in development assets to its Australian holdings. The move expands Sembcorp's Renewables East portfolio across China, Southeast Asia and Oceania following regulatory clearances.
The deal ranks among Australia's largest recent utility acquisitions.
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CVR Energy has agreed to buy Marathon Petroleum's St. Paul Park, Minnesota, and Mandan, North Dakota, refineries plus related marketing and midstream assets for about $4.2 billion plus working capital. The deal is expected to close by the end of 2026.
GE Vernova agreed to buy high-voltage grid equipment maker Trench Group from Triton Partners for $9.0 billion (about €8.0 billion), funded equally with cash and debt. The deal is expected to close in late 2027, subject to regulatory approvals.
Semiconductor Engineering's week in review: HBM smuggling into China, roughly 600,000 Nvidia H200s held in Hong Kong, a reportedly paused Micron Taiwan plant, and Oracle's reported cancelation of a ~$7B Tencent chip-access deal.
Bloomberg reports that Ubisoft and at least two other gaming companies have made offers to buy Arkane Studios from Microsoft's Xbox, which has also weighed a sale to the studio's management. No deal has been agreed.
ADT and Thrive Holdings announced an all-cash deal that values ADT at about $7.6 billion in equity value and $15.3 billion in enterprise value, according to the companies. ADT stockholders would get $10.00 per share, and the companies expect the deal to close in the first quarter of 2027, pending stockholder and US antitrust approval.
