German

Louisiana Gov. Bobby Jindal and Matthias Jaeger, CEO of German steelmaker Benteler Steel/Tube, announced Friday that they have reached a deal for the construction of a $900 million hot-rolling tube mill in Caddo, LA, strengthening the company’s position in the North American oil country tubular goods market.

German utility RWE Group announced Monday that it has completed the acquisition of a 50% stake in the liquefied natural gas (LNG) business of Excelerate Energy LLC for an estimated $500 million.

German utility RWE Group last week agreed to acquire a 50% stake in Excelerate Energy LLC for approximately $500 million. The transaction remains subject to certain closing conditions including approval by U.S. anti-trust regulators.

German utility RWE Group has agreed to acquire a 50% stake in Excelerate Energy LLC for approximately $500 million, the companies announced Thursday. The transaction remains subject to certain closing conditions including approval by U.S. anti-trust regulators.

ExxonMobil Corp. has selected mySAP.com as the primary backbonefor the company’s global business infrastructure project, accordingto the German firm, SAP AG, which bills itself as the world’sleading provider of inter-enterprise software solutions. The systemwill be designed to consolidate systems for the recently mergedExxon and Mobil companies, while improving business processes for100,000 employees worldwide. “We have been customers of SAP sincethe late 1980s, and we are excited to continue to build upon ourinvestment in SAP solutions to meet our business objectives ofmaintaining best-in-class business performance for our BusinessLines,” said Jerry Kohlenberger, president of the ExxonMobil GlobalServices Co. “By consolidating and upgrading all systems tomySAP.com, we will tighten synergies around the globe andstreamline business processes.”