JPMorgan Chase reportedly eyes $3.5 billion acquisition of French cooling network operator Idex

America's largest bank has a $3.5 billion plan to tackle 'AC hate' of governments across Europe

JPMorgan Chase is reportedly close to acquiring French cooling network operator Idex for over $3.5 billion, amid Europe's intensifying heatwaves. This potential deal highlights a growing demand for cooling infrastructure in a region historically resistant to widespread air conditioning. The acquisition would bolster JPMorgan's European presence as rising temperatures fuel the debate over cooling solutions and their political implications.

By TOI TECH DESK