TOP 5 INFRA FDI NEWS BETWEEN 13-18 APRIL 2020

Posted On : Apr 18, 2020/Communication

The top five foreign investments news between 13th-18th April 2020: Digital marketing leader Dentsu Aegis Network, announced that it has signed the complete ownership agreement for 100% of Merkle shares. Maryland based Merkle is a global data-driven, technology-enabled marketing firm, Sustainable Energy Fund for Africa (SEFA), which is managed by African Development Bank, has approved around $760,000 grant to Empower New Energy AS (EmNEW) , to develop small renewable energy projects across Sub Saharan Africa. As per agreement EmNEW has to develop at least eight small renewable energy projects with capacity ranging from 1-10 MW, Aditya Birla Group company Hindalco Industries Limited a leading aluminium rolling and recycling company has announced the completion of acquisition of the USA based rolled products leader, Aleris Corporation for $2.8 billion. Aleris acquired by Novelis Inc. a wholly-owned subsidiary of Hindalco, The leading wireless telecommunications provider Cellnex has announced an agreement with Portuguese mobile operator NOS for the acquisition of NOS Towering business. The deal includes approximately 2,000 telecommunications sites, and The leading real estate firm AXA Investment Managers – Real Assets announced an agreement with Kohlberg Kravis Roberts & Co. LP (KKR) to acquire 33.33% equity stake in ACCIONA Energía Internacional (AEI). ACCIONA also increases its stake in AEI after deal with KKR.

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