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BMO exiting retail auto finance trade

Baua Electric

The Store of Montreal is exiting the retail auto finance trade, because it seems to redeploy sources to farmlands the place its “competitive positioning is strongest.” The Montreal-based lender will stop making client car loans, however proceed providing financing for sellers, BMO spokesperson Jeff Roman showed Sept.

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US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

Green Car Congress

The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.

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SK On secures US$2B for battery business in Europe

Green Car Congress

SK On has secured a total of US$2 billion as its investment resource for its European battery business with the aid of Euler Hermes, a trade credit insurance institution of Germany, Korea Trade Insurance Corporation, and the Export-Import Bank of Korea. SK On plans to use the secured resources to invest in Plant No.3

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$100 million Toyota funding finances proceed on robotics and controls

Baua Electric

Each and every college spouse groups up with a Toyota researcher on a particular form of inquiry, operating on answers particular to dad or mum corporate Toyota Motor Corp. The post $100 million Toyota funding finances proceed on robotics and controls appeared first on Bauaelectric Auto News. and for the business.

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Talga successfully completes A$40M institutional placement; funds for anode project

Green Car Congress

Battery and advanced materials company Talga Group ( earlier post ), with 100% owned graphite resources in Sweden, has received firm commitments for a placement of new fully paid ordinary Talga shares to raise A$40 million (US$27.3 BurnVoir Corporate Finance acted as financial adviser to the company. million) before costs.

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Southern Company acquiring AGL Resources for $8B, creating 2nd largest US electric and gas utility by customer base

Green Car Congress

Southern Company and AGL Resources announced that the boards of directors of both companies have approved a definitive merger agreement under which AGL Resources will become a new wholly owned subsidiary of Southern Company for about $8 billion. Southern Company has committed financing from Citigroup Global Markets Inc.

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Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

Green Car Congress

Canada-based Northern Graphite Corporation has closed its previously announced acquisition of the producing Lac des Iles graphite mine (LDI) in Québec from a subsidiary of Imerys SA and the Okanjande graphite deposit/Okorusu processing plant in Namibia from a subsidiary of Imerys and its joint venture partner. Sprott invested CDN$3.75

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