The value of core capital goods orders increased by 0.7% during May after a downwardly revised 0.6% gain during April 2023, according to Commerce Department figures.
Government-backed Japan Investment Corp. plans to offer shareholders ¥4,350 ($30.40) a share in a tender offer around December 2023, the company said in a June 26 statement.
The money will be awarded via the Advanced Technology Vehicles Manufacturing Loan Program to BlueOval SK, a new joint business venture established by Ford and SK On.
“It’s clear that we’re not far or fast enough down the path to eliminate Russian gas,” said Energy Minister Leonore Gewessler during a June 26 press briefing.
The Department of Commerce plans on distributing over $50 billion in funds to semiconductor projects in the U.S., including $39 billion for semiconductor manufacturing incentives.
The deal’s enterprise value is reportedly split into $2.28 billion for Neptune’s Norwegian assets, which go to Var Energi, and $2.6 billion for the rest.
The deal will see Kegstar offer its kegs and services to Scotland, Germany and Australia with additional plans to expand across Western Europe at a later date.