(IN BRIEF) Toyota Motor Corporation, Volvo Group, Daimler Truck AG and cellcentric have signed a binding agreement for Toyota to become an equal shareholder in cellcentric. Following completion, Toyota, Volvo Group and Daimler Truck will each hold one-third of cellcentric. … Read the full press release
Posted in Automotive, Business, Electronics & Machinery, Energy, Gas & Oil, Environment, Germany, Industrial, Investment, Sweden, Technology, Transportation & Logistics
Tagged AB Volvo, autonomous company, binding agreement, cellcentric, coaches, Daimler Truck AG, Daimler Truck and Toyota Sign Binding Agreement on cellcentric Partnership, equal shareholder, fuel cell systems, fuel cell technology, heavy off-highway equipment, heavy-duty commercial applications, heavy-duty transport, hydrogen ecosystem, hydrogen infrastructure, hydrogen supply, hydrogen technology, hydrogen value chain, independent company, industrial scale, off-road transport, on-road transport, one-third ownership, rail, regulatory approvals, start of 2027 completion, stationary power generation, Toyota Motor Corporation, Toyota Set to Take One-Third Stake in Heavy-Duty Fuel Cell Specialist cellcentric, Toyota to Join Volvo Group and Daimler Truck as Equal Shareholder in cellcentric, Volvo Group, year-end 2026 completion
(IN BRIEF) Enilive, through Enilive Deutschland GmbH, has signed a binding agreement with Prax Limited to acquire 100 percent of OIL! Tankstellen GmbH, which operates fuel service stations in Germany, Denmark, Austria and Switzerland. The deal will add approximately 320 … Read the full press release
Posted in Austria, Automotive, Business, Denmark, Energy, Gas & Oil, Environment, European Union, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Italy, Retail, Switzerland, Technology, Transportation & Logistics
Tagged 300 service stations, 320 service stations, 5, acquisition, Austria, binding agreement, biofuel, biorefineries, convenience services, Danish marketing sector, Denmark, electric vehicle charging, Enilive, Enilive Café, Enilive Deutschland GmbH, Enilive Signs Agreement to Acquire OIL! Service Stations From Prax, Enilive to Add 320 European Service Stations Through OIL! Acquisition, European service station network, fast EV charging, food services, fuel service stations, Gela, Germany, HVO diesel, Italy, lower-emission mobility, mobility retail, oil, OIL! Tankstellen GmbH, Plenitude, Plenitude On The Road, Prax Agrees to Sell OIL! Service Station Network to Enilive, Prax Limited, regulatory approvals, renewable feedstocks, Rome, service stations, Switzerland, ultra-fast EV charging, Venice
(IN BRIEF) Alstom has sold its North American conventional signalling business to Knorr-Bremse AG for $690 million as part of a broader €2 billion financial restructuring plan. This sale is aimed at strengthening Alstom’s balance sheet and stabilizing its Investment … Read the full press release
Posted in Business, France, Industrial, Infrastructure & Utilities, Investment, Technology, Transportation & Logistics
Tagged Alstom, antitrust advisor, binding agreement, Cleary Gottlieb Steen & Hamilton LLP, communication-based train control (CBTC), Crédit Agricole CIB, deleveraging plan, European train control systems (ETCS), financial advisor, financial due diligence, investment grade rating, Knorr-Bremse AG, legal advisor, North American conventional signalling business, sale, smart and sustainable mobility, U.S. mobility technology, White & Case LLP
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