Lion Electric Co., the Canadian electric truck and bus manufacturer, faces a critical deadline this weekend to secure new investors amid a cash shortage and a challenging EV market. The company has received a two-week extension on its credit agreement with three lenders and temporary relief on loan conditions from the Caisse de Depot et Placement du Quebec and Finalta Capital Inc.
US bribery charges against Indian billionaire Gautam Adani have implicated Caisse de Depot et Placement du Quebec, one of Canada’s largest public pension managers. Three former employees, including managing director Cyril Cabanes, face conspiracy charges related to violations of the Foreign Corrupt Practices Act.
Shares of Adani Group plummeted after chairman Gautam Adani was indicted in a New York federal court for allegedly orchestrating a $250 million bribery scheme to secure solar energy contracts. Adani Enterprises fell 10%, while Adani Green Energy dropped 17.28%. The indictment also implicated two executives from Adani Green Energy and several former employees of Azure Power Global, amid ongoing scrutiny following previous allegations of accounting fraud by Hindenburg Research.
Quebec’s public pension fund manager, CDPQ, has appointed Sharon White as managing director and head of Europe. White, who recently stepped down as chair of John Lewis Partnership Plc, will assume her new role in January. A spokesperson for CDPQ declined to comment on the appointment.
Quebec’s public pension fund manager, Caisse de Depot et Placement du Quebec, has expanded its quantitative equity team to oversee over $14 billion in assets within four years. Vincent Delisle, head of liquid markets, expressed optimism about further enhancing the fund"s stock portfolio through data-driven strategies.
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