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Announced

Equinor to acquire a stake in KoBold Metals.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Private

Friendly

United States

battery materials projects

Platinum and Precious Metals

Pending

cobalt

Minority

battery production

Single Bidder

Synopsis

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Equinor, Norway's state-backed energy company, is set to acquire a minority stake in KoBold Metals, an investor in battery materials projects. Financial terms were not disclosed. “Data science and analytics applied to big subsurface data will be increasingly important for low-carbon and low-cost oil and gas discoveries. Partnerships with companies like Kobold Metals will provide us with valuable insights and application of new techniques to the overall exploration process,” Lisa Rebora, Equinor Senior Vice President.

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