Blackstone said that funds managed by Blackstone Energy Partners have acquired NRStor C&I, a Toronto-based battery storage solutions developer for an undisclosed price. NRStor, which targets scale storage deployment opportunities across North America, has more than 200 MWh of operational, in-construction and contracted projects in the fast-growing battery storage market. Bilal Khan – Senior Managing […]
Securian Financial Group said that its subsidiary Canadian Premier Life Insurance Company has signed a deal to acquire the Canadian block of business from Gerber Life Insurance Company for an undisclosed price. Gerber Life Insurance Company is a subsidiary of Western & Southern Financial Group. Its Canadian block of business comprises mainly Grow-Up whole life […]
Kirkland acquisition of Detour Gold : Kirkland Lake Gold has signed a CAD 4.01 billion ($3.01 billion) deal to acquire rival Canadian gold mining company Detour Gold, as per the latest mining acquisition news. Based in Toronto, Detour Gold is a mid-tier gold producer, which has a 100% stake in the Detour Lake gold mine […]
Retail industry news : Online groceries delivery service Instacart is all set to open a new tech hub called Instacart North in Toronto next year to significantly grow its presence in Canada. Instacart, which currently has over 80 employees in its Toronto office, is planning to hire 200 new employees for the Instacart North tech […]
Significant Investment in Vaccine Production: French pharmaceutical giant Sanofi has announced plans to invest CAD 500 million (approximately $396.3 million) to construct a new vaccine manufacturing facility at its Canadian headquarters, Sanofi Pasteur, in Toronto. This development is aimed at bolstering the company’s operational capabilities in Canada and reaffirming its commitment to advancing global public […]