In today’s briefing:
- (Mostly) Asia-Pac M&A: Santos, Mayne Pharma, Shengjing Bank, Carenet, Austindo Nusantara, Ashimori
- Exxon’s Secret Russia Talks Signal Energy Market Shock Tied To Trump-Putin Peace Gambit!
- Iron Ore Giants Stay Bullish on India, China Demand Wobbles
- Avery Dennison’s $390 Million Flooring Adhesives Bet: Can It Stick?
- MMG Reports Soaring Output From Peru Copper Mine
- Westlake Acquires ACI/Perplastic Group: The Hidden Synergies No One’s Talking About!
(Mostly) Asia-Pac M&A: Santos, Mayne Pharma, Shengjing Bank, Carenet, Austindo Nusantara, Ashimori
- I tally 44 – mostly firm, mostly Asia-Pac – arb transactions currently being discussed and analysed on Smartkarma.
- Three new deal was discussed on Smartkarma this week: Dongfeng (489 HK), Austindo Nusantara Jaya (ANJT IJ), Shengjing Bank (2066 HK), and HD Heavy (329180 KS)/HD Mipo (010620 KS). .
- Key updates/news took place on Santos Ltd (STO AU), Mayne Pharma (MYX AU), PointsBet Holdings (PBH AU), Carenet Inc (2150 JP), and Ashimori Industry (3526 JP).
Exxon’s Secret Russia Talks Signal Energy Market Shock Tied To Trump-Putin Peace Gambit!
- In a stunning geopolitical development, ExxonMobil has reportedly engaged in secret discussions with Rosneft—Russia’s largest state-owned energy company—regarding a potential return to the Sakhalin-1 oil and gas project.
- These talks, led by Exxon Senior Vice President Neil Chapman, signal a possible energy détente between Washington and Moscow, tied to broader negotiations aimed at ending the war in Ukraine.
- The meetings were held under U.S. Treasury Department licenses that allow for discussions on stranded assets and involved back-channel diplomacy, including conversations between Exxon CEO Darren Woods and former President Donald Trump.
Iron Ore Giants Stay Bullish on India, China Demand Wobbles
- Iron ore miners lift output guidance, signalling confidence despite China’s property slump and slowing steel demand.
- India emerges as a critical growth driver yet cannot offset China’s structural steel demand weakness.
- Rising supply from Simandou and peers heightens downside risk, keeping the iron ore outlook cautiously bearish.
Avery Dennison’s $390 Million Flooring Adhesives Bet: Can It Stick?
- Avery Dennison Corporation, a global materials science and manufacturing company, reported its second quarter results ending June 28, 2025.
- The company delivered adjusted earnings per share (EPS) of $2.42, aligning with the previous year’s results.
- This performance was achieved amid a challenging macroeconomic environment, characterized by trade policy changes impacting its operations, especially within the apparel and retail sectors.
MMG Reports Soaring Output From Peru Copper Mine
- Chinese miner MMG Ltd. saw a dramatic surge in output at its Las Bambas copper mine in Peru in the first half of this year, helped by its efforts to improve its rocky relationship with locals.
- In the six months through June, the mine produced about 210,000 tons of copper, up 67% year-on-year, with revenue from the project jumping 60% to $2 billion, according to the company’s latest earnings report.
- Las Bambas accounted for nearly three-fourths of MMG’s total first-half revenue, which rose 47% to $2.8 billion.
Westlake Acquires ACI/Perplastic Group: The Hidden Synergies No One’s Talking About!
- In a strategic pivot aimed at expanding its foothold in specialty materials, Westlake Corporation recently announced its agreement to acquire the global compounding solutions businesses of the ACI/Perplastic Group.
- While the sum of the deal remains undisclosed, the implications are far-reaching.
- ACI, headquartered in Portugal, is a key manufacturer of compounds for the wire and cable industry, posting net sales of approximately €210 million in 2024.
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