Highlights: October 11, 2022 - October 17, 2022
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h6>Telenor sells 30 percent of its $3.4 billion fibre business
Telenor has spun out its multi-billion-dollar passive fibre infrastructure business and inked a deal to sell a 30% stake to an investment consortium including KKR....Handsome Brook Farms to establish first manufacturing operations in Morristown, Tennessee , will create 140 new jobs
Tennessee Governor Bill Lee, Department of Economic and Community Development Commissioner Stuart McWhorter and Handsome Brook Farms officials announced the members of the company will invest $30.8 million through HBF Development to establish their first manufacturing operations in Hamblen County....Schlumberger invests $11.5 million to create North Gulf Coast operations hub in Lafayette
Schlumberger announced it will invest $11.5 million to centralize its North Gulf Coast (NGC) divisions at a newly renovated operations hub in Lafayette, Louisiana....Renault plans network of 200 EV fast charging stations near motorways across Europe
To make long drives in electric vehicles simpler, Mobilize and Renault dealerships are launching Mobilize Fast Charge, an ultrafast charging network....Honda and LG Energy Solution announce Ohio as home to joint venture EV battery plant
Honda and LG Energy Solution announced that their new joint venture (JV) battery plant will be located in Fayette County, Ohio....ForgeRock to be acquired by Thoma Bravo for $2.3b
ForgeRock, a digital identity company, announced that it has entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction valued at approximately $2.3 billion....Eutelsat and OneWeb expect $2bn in revenue after merger
Eutelsat and key OneWeb shareholders signed a Memorandum of Understanding in July 2022, with a view to combining Eutelsat and OneWeb in an all-share transaction, whereby Eutelsat and OneWeb shareholders will each hold 50% of the Eutelsat shares....AZZ Q3 record sales $406.7 million
AZZ announced financial results for the second quarter ended August 31, 2022....Gerresheimer reports double digit growth in revenue and earnings for Q3
Gerresheimer confirmed guidance for its financial year 2022 after another quarter of strong and profitable growth....New Wells Fargo Bank campus in Irving to create 650 new jobs
Wells Fargo Bank will create a new campus in Irving, Texas....Hydro Quebec seals $2 billion deal to buy Great River Hydro
Canada’s Hydr Quebec agreed to buy Great River Hydro and its 13 hydroelectric generating stations in a $2 billion deal. ...SunPower and General Motors to power homes with electric vehicles
SunPower and General Motors announced a collaboration to develop a new home energy system that will enable GM electric vehicles to provide backup energy to a home when properly equipped....BJSS to create 75 Dublin jobs
BJSS has announced plans to establish a new delivery centre in Dublin, which will lead to the creation of 75 new roles....Uranium Energy to acquire Roughrider from Rio Tinto for $150 million
Uranium Energy Corp (UEC) announced that it has entered into a definitive agreement with a subsidiary of Rio Tinto pursuant to which UEC will acquire 100% of Rio Tinto's wholly-owned Roughrider uranium development project located in the Athabasca Basin in Saskatchewan, Canada....Hitachi Energy to expand in Virginia, creating 165 new jobs in Halifax County
Hitachi Energy will invest $37 million to expand its operation in Halifax County, Virginia....John Deere Thibodaux plant to create 70 Bayou Region jobs
Deere & Company is investing $29.8 million to expand operations at its Thibodaux facility....Cameco and Brookfield Renewable form partnership to acquire Westinghouse in $7.875 billion enterprise deal
Cameco Corporation and Brookfield Renewable Partners, together with its institutional partners, are forming a strategic partnership to acquire Westinghouse Electric Company, one of the world’s largest nuclear services businesses....Novartis to cut 400 jobs in Ireland
Novartis announced plans to cut its Irish workforce by a quarter, putting 400 jobs at risk....Bunge announces over 100 new job positions for its trainee and internship programs in North America
Bunge has more than 100 positions available for trainees and interns across North America....Danone to shed Russian dairy business, will lose $978 million
Danone will shed control of its dairy food business in Russia in a deal that could lead to a write-off of up to €1 billion ($978 million)....New York: New state-of-the-art Brookdale Campus to create 10,000 jobs
New York City Mayor Eric Adams and New York Governor Kathy Hochul unveiled plans for the Science Park and Research Campus (SPARC) Kips Bay, a job and education innovation hub that will be the first-of-its-kind in the state....Kroger and Albertsons Companies announce definitive $24.6 billion merger agreement
Kroger and Albertsons Companies announced that they have entered into a definitive agreement under which the companies will merge....Burrell Aviation to create up to 1,300 jobs as it announces cargo flight expansion at Doña Ana County Jetport
New Mexico Governor Michelle Lujan Grisham and Burrell Aviation CEO John Carver announced that Burrell Aviation will construct multiple new structures designed to expand cargo and distribution services, including facilities dedicated to air cargo handling, cold storage, distribution, and aircraft maintenance....Vodafone and Altice launch 7 billion euro German broadband company
Vodafone and Altice launched a joint venture to challenge Deutsche Telekom by building a 7 billion euro ($6.8 billion) fibre broadband network in Germany.... ■