No Meat Factory, Canada’s plant-based alternative protein products producer, has raised $42 million in a series B funding round to increase the company’s footprint and manufacturing capacity in North America. The round was led by new investor Tengelmann Growth Partners, with participation from existing investor Emil Capital Partners. Dieter Thiem — No Meat Factory CEO […]
Entain, a UK-based sports-betting and gaming group, has acquired Dutch online sports betting company BetEnt (trading as BetCity) from Sports Entertainment Media in a deal worth up to €850 million (£753 million). The transaction value includes an initial consideration of €300m (about £257 million) and deferred contingent consideration of up to €550m (around £472 million). […]
Entain plc (formerly GVC Holdings), which is a tax resident in the UK, operates as a sports betting and gaming group in more than 40 regulated or regulating territories. The company trades on the London Stock Exchange (LSE) under the ticker – ENT. The group operates BetMGM, a 50/50 joint-venture with MGM Resorts, in the […]
L&T Technology Services, a pure-play engineering services company, will acquire the Smart World & Communication (SWC) business of Larsen & Toubro (L&T) for INR 800 crores. The transaction is part of L&T Technology Services’ 6 Big Bets strategy in 5G, sustainability and digital products and artificial intelligence. The acquisition is expected to help L&T Technology […]
Duke Energy Sustainable Solutions, a nonregulated commercial brand of Duke Energy, has commissioned its 207MW Ledyard Windpower project in Kossuth County, Iowa. The Ledyard Windpower project, which was co-developed by Duke Energy and Amshore Renewable Energy, will generate enough green energy to power 75,000 homes in the country. The wind project marks Duke Energy’s first […]
Iberdrola will soon begin the construction of a new solar energy production facility in the province of Palencia, Spain, following a favorable environmental impact statement. The photovoltaic project in Castilla y León, which will be located in the municipality of Villalba de Guardo, will have an annual capacity of 350 megawatts (MW). The €217 million […]
US hotel management company MCR has acquired the Courtyard Dallas Grand Prairie hotel in Grand Prairie, Texas for an undisclosed amount. The Courtyard Dallas Grand Prairie marks the company’s eighth hotel in Dallas and its 39th hotel in Texas. Located at 2850 South State Hwy 161, the acquired property is a four-story, select service hotel […]
American multinational hospitality company Hyatt Hotels has opened FirstName Bordeaux, a lifestyle hotel, in France, further expanding the brand across Europe. FirstName Bordeaux is the first hotel in France to join the JdV by Hyatt collection of independent hotels. Designed by architect Nicolas Adnet from Studio MHNA, FirstName Bordeaux offers 147 guestrooms and suites with […]
Japan’s Mitsubishi Electric will construct a new room air conditioners (A/C) and compressors plant in Tamil Nadu, India, to expand its A/C and refrigeration businesses. The JPY 26.7 billion ($222.5 million) plant will initially manufacture 300,000 room air conditioner outdoor units and 650,000 compressors per year. The new 88,000 square-meter A/C and compressors plant in […]
BMW India has unveiled the new BMW 3 Series Gran Limousine in India, which was produced at BMW Group Plant Chennai, is available in both variants – petrol and diesel. BMW 330Li car produces a maximum torque of 400 Nm at 1,550-4,400 rpm and accelerates from 0 -100 km/hr in 6.2 seconds while BMW 320Ld […]