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Barclays explores sale of stake in $2.5bn UK payments unit.
India's Reliance Jio seeks up to $2bn loan to fund 5G plan.
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Patterson-UTI Energy, a land drilling and pressure pumping services provider, completed the merger with NexTier Completion Solutions , an oilfield service company, in a $5.4bn deal.
"We are excited to complete the merger of Patterson-UTI and NexTier, establishing us as a leading, technology-driven drilling and well completions business. The company is well positioned to deliver value through our comprehensive portfolio, innovative offerings, significant free cash flow generation and strong financial position. With an outstanding combined team and collective track record of integrations, we are confident we will hit the ground running and successfully bring the businesses together. We look forward to welcoming our NexTier colleagues and starting this new chapter together." Andy Hendricks , Patterson-UTI President and CEO.
NexTier was advised by Moelis & Company , Kirkland & Ellis (led by Sean Wheeler, Adam Larson and Camille Walker) and Joele Frank (led by Ed Trissel and Sharon Stern). Moelis & Co was advised by 富而德律师事务所 (led by Jenny Hochenberg). Patterson-UTI was advised by 高盛 , Gibson Dunn (led by Tull Florey) and Joele Frank (led by Andrew B. Siegel and Dan Moore). Goldman Sachs was advised by Sullivan & Cromwell LLP (led by Stephen M. Kotran).
诺维信 and Chr. Hansen announced that the Chinese State Administration for Market Regulation has now unconditionally approved their statutory merger.
The approval by SAMR was a condition to completion of the combination. The completion of the combination remains subject to the satisfaction of an additional number of conditions set out in the merger plan, including certain additional regulatory approvals. It is expected to occur in the fourth quarter of 2023 or the first quarter of 2024.
Chr. Hansen is advised by 高盛 (led by Andre Kelleners) 贝克?麦坚时 , Gorrissen Federspiel (led by Anders ?rjan Jensen), and Impact Partners . Financial advisors are advised by 富而德律师事务所 (led by Ethan A. Klingsberg). Novozymes is advised by Danske Bank , FIH Partners (led by Kasper Kristian Elton Koch), Gordon Dyal & Co. Advisory Group LP (led by Gordon Dyal), Nordea (led by Fredrik Segenmark and Torben Hansen), Oxera Consulting LLP , Davis Polk & Wardwell LLP (led by Will Pearce and Connie I. Milonakis) 年利达 (led by Nicole Kar), Plesner , FGS Global (led by Charlie Chichester), and Point Communications. Financial advisors are advised by Simpson Thacher & Bartlett LLP (led by Jakob Rendtorff?and?Caroline Gottschalk).
Shares of Australia's Liontown Resources Limited shot up 11.5% after the lithium developer's board backed a refreshed AUD6.6bn ($4.3bn) bid from Albemarle Corporation , the world's biggest producer of the battery material, Reuters reported.
Emerging Australian lithium companies are experiencing a surge in buyouts as their lower valuations and cash needs lure some of the world's top producers of lithium and others racing to secure supplies. ?
Liontown Resources is advised by Greenhill & Co. , 瑞银集团 , Allens , and GRA Partners (led by Luke Forrestal). Albemarle is advised by J.P. 摩根 and Corrs Chambers Westgarth .?
Barclays explores sale of stake in $2.5bn UK payments unit.
Barclays is exploring the sale of a stake in the unit that processes payments for UK merchants as the British bank seeks a partner to help grow the business, Reuters reported.
The bank is considering bringing in a partner with the strategic "know-how" to expand the business, as well as raising capital, but has yet to decide how big a stake it might sell.
India's Reliance Jio seeks up to $2bn loan to fund 5G plan.
India's Reliance Jio , the telecom wing of Reliance Industries Limited , is in talks to raise up to $2bn in offshore loans, with 法国巴黎银行 acting as lead arranger, to fund the purchase of 5G network gear from 爱立信 , DealStreetAsia reported.
BNP Paribas will provide $1.9bn-$2bn over a nine-month period, during which the telecom company, led by billionaire Mukesh Ambani, will pay back Ericsson, BNP and some other banks.
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