Upon completion of the transaction, ING, Ministry of Finance and TCAP will be major shareholders of the merged entity, with ING and TCAP owning more than 20 per cent each.
This acquisition marks IVL’s foray into the fibre business in Brazil.
BGRIM operates 19 combined cycle power plants including the newly-acquired Glow SPP1.
The startup plans to use the funding to continue building its team, especially the technology and data functions, and also to invest in R&D.
After many years and more than $100 million of investment, Sim Wong Hoo is finally back — with a new piece of audio technology called the Super X-Fi that he thinks will be a game changer.
This marks the fourth direct deal of Krungsri Finnovate, following its investments in Omise, Finnomena and Baania.
Zen Corporation, a holding company that operates restaurants and food services, has mobilised $31.35 million via an initial public offering.
The startup will deploy around 20 per cent of the proceeds to support its expansion to Indonesia.
The financing marks CDC’s first direct investment in Nepal and the second debt investment in the Nepalese banking sector.
Jitta, founded in January 2014, uses Big Data to analyze business financials and automate portfolio management.