Cerberus to take over bankrupt Hanjin shipyard for $300m

Cerberus to take over bankrupt Hanjin shipyard for $300m

US-based private equity firm Cerberus is set to buy the Philippines’ insolvent Hanjin Subic Bay shipyard in a $300m deal, reported Reuters. The shipyard is located at a former US navy base near to the South China Sea. Its strategic location is said to make it...
LanzaTech to go public in SPAC deal, valued at $2.2bn

LanzaTech to go public in SPAC deal, valued at $2.2bn

LanzaTech NZ Inc said on Tuesday it plans to go public by merging with special purpose acquisition company AMCI Acquisition Corp II, in a deal that values the carbon recycling technology company at $2.2bn. The deal is expected to raise gross proceeds of nearly $275...