NEPAL > World Bank and the Government of Nepal signed three financing agreements for $440 million to invest in the country’s post-earthquake housing reconstruction, livestock innovation, and technical education and vocational training

World bank logo For the country’s post-earthquake housing reconstruction, livestock innovation, technical education and vocational training, the Government of Nepal and the World Bank have singed three financing agreements for $440 million. According to World Bank Country Director for Bangladesh, Nepal and Bhutan, Qimiao Fan: “These three agreements are important for Nepal because they boost job creation, including for many women, by investing More …

USA > Shell to acquire a 43.83% interest in Silicon Ranch Corporation for up to $217 million in cash and a possibility to increase its position after 2021

Shell logo Shell is set to acquire 43.83% shares of Silicon Ranch Corporation, a leading U.S. developer owner and operation of solar plants. This buying of shares will make Shell its largest shareholder. Shell will acquire the interest in Silicon Ranch from Partners Group and is likely to increase its position after 2021. Partners Group will continue its support through a newly More …

USA > France based Lactalis to acquire Siggi’s, a U.S based maker of Icelandic style yogurts for an undisclosed price

Lactalis The maker of Icelandic style yogurts with “simple ingredients, not a lot of sugar” is to be acquired by France based Lactalis. Founded by Siggi Hilmarsson, after moving to the U.S from Iceland, Siggi’s recipe was based on skyr which is Icelandic style yogurt. Siggi started selling his yogurt at an outdoor market in downtown Manhattan with the seed investment More …

CHINA > US based Cargill invests more than $15 million to add a piglet feed production line at its existing facility in Tianjin, China

Cargill logo To bolster its young animal nutrition capability, US based Cargill invests more than $15 million to add a piglet feed production line at its existing premix and nutrition facility in Tianjin, China. Featuring cutting edge technology, the nearly 7,000 square meter young animal nutrition facility is set to produce Neopigg™, a sustainable world-class piglet feed. According to John Fering, Managing More …

CANADA > US based Instacart acquires Canada based Unata

instacart logo Technology driven nationwide on-demand grocery delivery service, Instacart is set to acquire Unata which is an award- winning provider of 1 to 1 digital solutions for grocery shoppers. The acquisition aims to enable the future of online grocery shopping by combing their talents, culture and innovative product solutions. Creating a one- stop shop for brick-and–mortar retailers to compete in the More …

USA > Delphi Technologies PLC is set to invest in PolyCharge America to commercialize a new capacitor technology

Delphi Technologies In order to commercialize a new capacitor technology that aims to make high- power inverters smaller, lighter and more tolerant to high temperatures, Delphi Technologies is set to invest in PolyCharge America, a startup and the producer of the new capacitor technology. Sigma Technologies, the parent company of PolyCharge, and Delphi Technologies enjoy pre- existing long standing technology partnership. Delphi More …

ALGERIA > InterContinental Hotels Group (IHG) is set to open Holiday Inn® Algiers – Cheraga Tower

Holiday Inn logo 290 With the addition of Holiday Inn® Algiers – Cheraga Tower in Algeria, IHG will now operate 25 hotels across 9 countries in Africa in total . The new hotel features 242 well equipped rooms and is strategically located west of Algiers that is close to international business centers and embassies. Popular tourist spots such as downtown area, Hydra District, the More …

GERMANY > SoftBank Vision Fund invests €460 million ($563.18 million) in Europe’s leading multi- sided platform for the used car sector, AUTO1 Group

softbank-logo SoftBank vision fund invests €460 million ($563.18 million) in Germany based AUTO1 Group. Half of the investment will be made through the issue of new shares which will value AUTO1 at €2.9 billion ($3.55 billion) and will support the group’s international expansion. AUTO1 Group’s technology platform enables dealers and private individuals to trade seamlessly through Europe via an analytics and More …