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Is Abu Dhabi Big Oil Turning Green? $3 billion Loan Says Yes
In this video, we'll dive into last week's top five global loans that shocked the market. First up, Iceland-based Albatech secured a whopping $965 million from multiple lenders to boost the biosimilar market, proving that imitation can be just as lucrative as innovation. Next, Oregon's Entech received a game-changing $1.2 billion loan from the US Department of Energy, potentially supercharging the American EV industry. Meanwhile, Canadian payments processor Nuve is going private with a massive $2.5 billion loan led by the Bank of Montreal, revealing how real money is sometimes made behind closed doors.
Overseas, Abu Dhabi National Oil Company surprised everyone with a groundbreaking $3 billion green loan from Japan Bank for International Cooperation. Is Big Oil finally going green? Lastly, Dallas's Cyrus One closes an impressive $7.9 billion warehouse credit facility from a group led by KKR, fueling the growth of AI and cloud computing data centers.
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