Interested in staying current on the latest news in joint ventures? Water Street’s JV Newsfeed is a cross-industry collection of the most interesting joint venture announcements in the month. Each article is paired with relevant content from the Water Street Insight archive. 


 

Lightbridge Corporation

Lightbridge and AREVA NP Sign Binding Agreement for U.S. Joint Venture for Advanced Nuclear Fuel

September 6, 2017 | Nasdaq

Lightbridge Corporation (NASDAQ:LTBR) and AREVA NP in North America (AREVA Inc.), signed a binding Heads of Terms Agreement for a joint venture (JV) that summarizes all material terms and conditions to develop, manufacture and commercialize Lightbridge's advanced metallic fuel technology.


Related Water Street Insight:

How to Structure a Joint Venture: The Five Essential Elements of JV Dealmaking

Total Logo

New TOTAL hydrogen filling station in Germany unites mobility and renewable energy

September 6, 2017 | gasworld

A new hydrogen (H2) filling station in Karlsruhe, Germany, adds further impetus to the building of an infrastructure for eco-friendly electric mobility using H2 and fuel cell technology.

Related Water Street Insight:

From the Front Lines: Recent Trends in Joint Venture Dealmaking >>

European Court of Justice

EU Court Decides EU Merger Control Can Only Catch Joint Control Transactions If the Resulting Entity Is ‘Full-Function’

September 7, 2017 | JD Supra

On September 7, 2017, the European Court of Justice (ECJ) decided that, where joint control is acquired over a new or existing undertaking (or parts of an undertaking), that transaction can only fall within the scope of the EU Merger Regulation (EUMR) where the resulting entity will be ‘full-function.’

Related Water Street Insight: 

Structuring Joint Venture and Partnership Transactions: The Top 10 JV Ownership and Control Models >>

Volkswagen

China’s Electric Car Push Lures Global Auto Giants, Despite Risks

September 10, 2017 | The New York Times

Volkswagen, the German auto giant, is preparing for a swift expansion in its output of electric cars next year — and the biggest jump in production will be in China. General Motors is making China the hub of its electric car research and development. Renault-Nissan, the French and Japanese carmaker, and Ford Motor have hustled to set up joint electric-car ventures in China.

Related Water Street Insight: 

Three Steps to Negotiating Joint Ventures in China >>

Air Products

Air Products and Lu'An Clean Energy Company to form $1.3 Billion Joint Venture for Coal-to-Syngas Project in China's Shanxi Province

September 11, 2017 | Cision

Air Products (NYSE: APD) today announced it has signed an agreement to form a $1.3 billion joint venture (JV) with Lu'An Clean Energy Company, which will significantly expand Air Products' scope of supply serving Lu'An Mining (Group) Co., Ltd.'s syngas-to-liquids production in Changzhi City, Shanxi Province, China.


Related Water Street Insight:

Succeeding in Cross-Cultural Joint Ventures: Key Intervention Points for Side-Stepping Cultural Clash >>

Cnooc Logo

China Energy Tentacles Strengthen In Latin America BP Venture

September 11, 2017 | Barron's

British oil producer and refiner BP (BP) said it form a new joint venture partly backed by Chinese oil-and-gas producer Cnooc (0883.HK and CEO).

Related Water Street Insight: 

The Six 'Cs' for Screening Potential Joint Venture Partners >>

BP Logo

BP partnership, Azerbaijan extend Azeri-Chirag-Gunashli PSA

September 14, 2017 | Oil & Gas Journal

The BP PLC-led production-sharing agreement (PSA) for the giant Azeri-Chirag-Gunashli group of oil fields in the Caspian Sea will be extended through 2049.

As part of the deal, the international partners will pay a bonus of $3.6 billion to Azerbaijan’s state oil fund and will each reduce interest in the PSA so that SOCAR’s equity share will rise to 25% from 11.65%. 

Related Water Street Insight:

Incorporated and Unincorporated Joint Ventures: The View from Royal Dutch Shell >>

Chevron Logo

New Chevron & Jacksons Joint Venture to Double ExtraMile Sites

September 14, 2017 | Convenience Store News

Chevron U.S.A. Inc. is growing its ExtraMile convenience store brand through a newly created joint venture with Jacksons Food Stores.

Related Water Street Insight:

How to Build a Better Joint Venture Board: Starting the Journey >>

GCC Lab Logo

New JV set up to strengthen MidEast renewable energy capabilities

September 16, 2017 | Arabian Business

Global safety science organisation, UL, has announced a joint venture with Saudi-based GCC Lab aimed at strengthening the Middle East’s renewable energy infrastructure.

UL, whose regional base operates out of offices in Dubai and its new lab facility in Abu Dhabim said the joint venture will be based in Dammam, Saudi Arabia, to cater to customers in parts of the Middle East, including Egypt.

Related Water Street Insight:

Split Ends: How to Exit a JV by Untangling the Assets >>

Steinhoff Logo

Steinhoff’s former joint venture partner takes its complaint to Dutch court

September 18, 2017 | Business Day

The Steinhoff accounting fraud allegations took a fresh twist on Monday, when the company said in a Sens statement that a Dutch court had been petitioned over its accounts for the period to September 30 2016.

In a statement headlined, "Update on disputes with former joint venture partner", Steinhoff reiterated that its accounts complied with the requirements of international financial reporting standards (IFRS), and expressed confidence that the appeal would be dismissed.

Related Water Street Insight:

Why Joint Ventures Fail >>

Tata Steel Logo

Thyssen and Tata Sign Deal to Forge Europe’s No. 2 Steelmaker

September 20, 2017 | Bloomberg Markets

Thyssenkrupp AG and Tata Steel Ltd. reached a tentative deal to merge their European steel businesses in a bid to create the region’s second-largest producer and tackle overcapacity in the industry.

Related Water Street Insight:

The Transaction Screener >>