Hyundai Motor Group has become a shareholder in Ionity, a joint venture (JV) between BMW Group, Ford Motor Company, Daimler, and the Volkswagen Group with Porsche.
Singapore-based Cube Highways and Infrastructure, a subsidiary of I Squared Capital, has entered into an agreement with Dilip Buildcon to acquire five road projects in India.
Tata Realty and Infrastructure (TRIL) is looking to sell four of its Indian road projects after entering negotiations with Singaporean sovereign fund GIC.
Canadian institutional investor Caisse de dépôt et placement du Québec (CDPQ) is reportedly set to acquire three road projects from Essel Highways for an enterprise value of almost Rs35bn ($508.5m).
Italian global infrastructure company Salini Impregilo has submitted a revised offer to acquire domestic rival Astaldi in a bid to further consolidate its position in the market.
India-based infrastructure company GMR Group is planning to sell its interests in four road projects by the end of this year to cut its debt.
The National Investment and Infrastructure Fund (NIIF) has signed an agreement with the National Highways Authority of India (NHAI) for financing large road projects.
Iteris has completed the takeover of Albeck Gerken, a US-based traffic operations and engineering services provider.
Indian electric vehicle business Ola Electric has raised $250m from Japan’s SoftBank.
IndInfravit Trust has reached an agreement to acquire nine operational road projects from Sadbhav Infrastructure Project for approximately $959m.
