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GIP to buy Equis Energy in $5bn renewable deal

Bloomberg Investment fund Global Infrastructure Partners (GIP) agreed to buy Equis Energy, a Singapore-based developer of renewable-power projects, for $5 billion including debt, a record for the industry. The deal includes $1.3 billion of liabilities and is expected to close in the first quarter, the companies said in a joint statement on Wednesday. Equis Energy’s portfolio of assets includes solar, ...

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Infosys founder clashes with board again amid CEO hunt

Bloomberg Infosys Ltd. co-founder Narayana Murthy publicly criticised the company’s board again, just as directors try to recruit a chief executive officer to replace one who resigned out of frustration with such clashes. Murthy said the board has still not addressed questions he raised in August about poor governance and excessive severance, according to a statement he released. CEO Vishal ...

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Toyota to reduce investment, targets for plant in Mexico

Bloomberg Toyota Motor Corp. cut planned investment by 30 percent for a factory it’s building in Mexico and halved its production target amid pressure from US President Donald Trump for manufacturers to keep more production in the US. Japan’s biggest automaker will reduce investment in the Guanajuato plant to $700 million and trim planned capacity to 100,000 units a year, ...

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