Vodafone Group PLC (LON:VOD) said its Vodafone Global Enterprise unit has acquired two telecom expense management specialists: Quickcomm of Australia and TnT Expense Management of the US.
Afren (LON:AFR) has now completed its takeover of east African oil junior Black Marlin. The company agreed a share-based deal which valued the Toronto-listed junior at CDN$106 million, in June.
General Electric (NYSE: GE) said Wednesday that UK-based oil and gas pipeline systems specialist Wellstream (LON:WSM) rejected the company's £7.50-per-share takeover offer.
Premier Oil (LON:PMO) it setting up a joint venture with Antrim Energy (LON:AEY, TSX:AEN) to jointly study options for the Fyne Area in the UK Central North Sea.
BP (LON:BP) has signed a new production sharing agreement to explore and develop a structure in the Azerbaijani Caspian Sea. In another move announced this week, the supermajor hired AMEC (LON:AMEC) to provide engineering and project management services (EPMS) for the oil major’s onshore projects. This is in addition to the global agreement the companies signed for offshore EPMS projects in June 2008.
Defence company and FTSE 250 constituent Ultra Electronics (LON:ULE) has secured a £24 million contract from Rolls-Royce (LON:RR) to supply reactor control & instrumentation systems for Royal Navy submarines.
Copper miner Kazakhmys (LON:KAZ) chairman Vladimir Kim has sold 58.8 million shares, 11% of the company, to a Kazakhstan sovereign wealth fund. Kim will bank £836 million through the sale.
Rio Tinto Alcan (LON:RIO, NYSE:RTP, ASX:RIO) said it has invested an additional US$140 million in its aluminum smelter in Straumsvik, Iceland, bringing its total invesment in the ISAL smelter to US$487 million.