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EBRD invests a record €2.6bn in sustainable energy in 2011
The European Bank for Reconstruction and Development (EBRD) invested €2.6 billion ($3.43 billion) in sustainable energy projects in 2011. Last year’s investments under the bank’s Sustainable Energy Initiative were up more than a fifth from the €2.1 billion invested by the EBRD in these types of projects throughout central Europe and central Asia in 2010. [...]
World Bank president Robert Zoellick is to step down
World Bank president Robert Zoellick is to step down from his role at the institution when his five-year term comes to an end on 30 June. Mr Zoellick, 58, was appointed to his role in 2007 by then-US president, George W Bush. The post has always been held by a US national under a loose [...]
ABB Buys Thomas & Betts for $3.9B, Siemens Acquires RuggedCom
Siemens buys RuggedCom for $381M. ABB is serious about gaining a foothold in North America. The Swiss power automation giant has been strengthening its North American presence lately and added to that position on Monday with a $3.9 billion purchase of Thomas & Betts, a Memphis, Tenn.-based supplier of low-voltage projects. “Thomas & Betts is [...]
Santander Brasil Spins Off BRL1.3B Private Equity Arm
Banco Santander Brasil SA (BSBR, SANB4.BR) on Thursday said it has spun off its private equity operations into a new company, with assets of some 1.3 billion Brazilian reais ($735 million) to invest in infrastructure, and with plans to raise BRL800 million to invest in oil and gas. Santander, a unit of Spain’s Banco Santander [...]
New rules for Equator Principles, but no new commitments from banks
Local: Amsterdam – ex Fonte: BankTrack – (01/07/2010) Link: www.banktrack.org New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability Nijmegen, July 1st 2010 – The new governance rules for the Equator Principles that are adopted today by the Equator Principles Association may improve the cooperation and [...]
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