Recurrent Energy, a prominent subsidiary of Canadian Solar Inc. (NASDAQ: CSIQ), announced a significant stride in renewable energy with the procurement of $513 million in project financing for the Papago Storage project. Slated to begin construction in the third quarter of 2024 and expected to commence operations by the second quarter of 2025, this project […]
Mitsubishi UFJ Trust and Banking Corporation, a subsidiary of MUFG, has declared its intention to acquire 100% of the issued shares of Link Administration Holdings Limited, an Australian listed company. This move is set to reshape the dynamics of the global asset management and investor services sector. Shareholder Windfall: The Financial Details Under the proposed […]
AdaniConneX, a joint venture between Adani Enterprises Ltd (AEL) and EdgeConneX (ECX), has successfully secured a $213 million senior debt facility to finance its ongoing data center projects in Noida and Chennai. This landmark financing deal marks the largest in India’s data center industry and paves the way for the implementation of a sustainable digital […]
Akulaku, a Southeast Asian fintech company, has secured an investment of $200 million from Japan-based Mitsubishi UFJ Financial Group (MUFG), marking the second strategic investment for the banking and digital finance platform this year. The funding is expected to help Akulaku expand its banking services across Southeast Asia. Akulaku’s future growth plans complement MUFG’s, accelerating […]
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 […]