Tequila Cazadores, owned by Bacardi, has introduced Tequila Cazadores 100 Year Estate Release in the US to commemorate the 100-year anniversary of the brand’s original reposado recipe. The secret recipe was first created in 1922 in the Highland town of Arandas in Jalisco, Mexico, and is still used to produce every single bottle of Tequila […]
Transdev Canada, a mobility solutions operator, will operate and maintain the new Ontario Line for a 30-year term following a contract from Infrastructure Ontario (IO) and Metrolinx. The new 15.6km long Ontario Line is a stand-alone rapid transit line that will come along between the Ontario Science Centre and Exhibition/Ontario Place. The subway line will […]
CSL Behring, a US-based biotechnology company, has received approval for its Hemgenix (etranacogene dezaparvovec-drlb) from the US Food and Drug Administration (FDA) as a one-time gene therapy for hemophilia B in adults. Hemophilia B is a bleeding disorder resulting from a single gene defect, which causes inadequate production of factor IX. Produced mainly by the […]
Lithuanian commercial bank Šiaulių Bankas and investment management and life insurance group Invalda INVL will merge their retail businesses following the approval of the latter’s management board. The transaction with an equity value of €40.2 million is expected to establish a next-generation financial market player which is modern and customer-focused, while generating value for the […]
EDF Renewables, EIH Sarl, and CPP Investments announced that the 480MW Saint-Nazaire offshore wind farm, France’s first commercial-scale offshore wind project is now fully operational. The Saint-Nazaire offshore wind project is anticipated to help the French State’s energy transition goal of generating 32% of its electricity from renewable sources by 2030. The French offshore wind […]
Japan’s Mitsubishi UFJ Financial Group (MUFG) and MUFG Bank have agreed to buy 100% of HC Consumer Finance Philippines (HC Philippines) and 85% of the shares of Home Credit Indonesia (HC Indonesia), both subsidiaries of Home Credit (HC) for around €596 million (nearly ¥87 billion). The acquisition is part of MUFG and MUFG Bank’s strategy […]
Masdar, a UAE-government owned renewable energy company, will build a 100MW solar power plant in Turkmenistan, marking its foray into Central Asian country’s renewable energy space. To this effect, Masdar has entered a joint development agreement with Turkmenenergo State Power Corporation of the Ministry of Energy of Turkmenistan (Turkmenenergo). The new solar power plant in […]
Societe Generale, a French financial services major, and AllianceBernstein, an investment management and research firm, are planning to create a joint venture (JV) to establish a cash equities and equity research business. The new collaboration complements Societe Generale’s investment banking strategy to bring portfolio diversification, both from a geographical perspective and type of revenues. Societe […]
San Diego-based medical device company ResMed has completed the previously announced acquisition of Medifox Dan, a German out-of-hospital care management software developer, for €958.6 million ($997.5 million) in a move to expand its SaaS business to Germany, its first non-US market. Through the acquisition that was announced in June 2022, ResMed adds outpatient therapy services […]
Alcon, an American Swiss medical company specializing in eye care products, has closed the previously announced $930 million acquisition of Aerie Pharmaceuticals, a NASDAQ-based pharmaceutical company. The acquisition is expected to strengthen Alcon’s ophthalmic pharmaceutical business through the addition of Rocklatan (netarsudil and latanoprost ophthalmic solution) 0.02%/0.005%, and Rhopressa (netarsudil ophthalmic solution) 0.02%. Besides, Alcon […]