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KT acquires 10% stake in Hyundai Robotics for KRW 50 billion
2020-06-18 12:18:00| Telecompaper Headlines
(Telecompaper) South Korean operator KT has signed a cooperation agreement and investment contracts with Hyundai Robotics. The two partners plan to collaborate on digital transformation based on 5G, artificial intelligence (AI) and smart factory applications. Under the terms of the deals, KT will acquire a 10 percent equity stake in Hyundai Robotics for KRW 50 billion.
Tags: billion
hyundai
stake
robotics
BP Reportedly Raises $12 Billion in Debt
2020-06-18 11:10:00| OGI
British oil major BP Plc raised $12 billion of debt with equity-like features, taking advantage of low interest rates to fortify its balance sheet, the Financial Times reported.
Mirage/Northern Hemisphere Signs $4 Billion Debt Financing For 3 Projects
2020-06-17 16:00:30| OGI
Pipelines, natural gas storage and Isthmus Corridor project are included.
Tags: projects
signs
debt
billion
Saudi Aramco Completes $69 Billion SABIC Deal
2020-06-17 15:10:00| OGI
Saudi Aramco has completed its purchase of a 70% stake in petrochemicals company SABIC for $69.1 billion and extended the payment period by three years to 2028, providing a cushion against weak oil prices.
Tags: deal
billion
saudi
completes
Schlumberger CEO Expects Up to $1.4 Billion Charge for Restructuring
2020-06-17 11:10:00| OGI
Schlumberger CEO Olivier Le Peuch said the restructuring will include cuts in the oilfield service company's product lines and focus its operations on five key oil basins.
Tags: charge
ceo
billion
expects
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