Every employee or business owner will, at one point or another, picture what their lives will look like once they’ve done all the work. They naturally come to realize that they need to put aside a portion of their earnings and save up for their golden years. Setting the seal on an agreeable standard of…
Ørsted to acquire Ford County Wind, a 121 MW onshore wind farm in Illinois
COPENHAGEN, DENMARK: Ørsted has agreed to acquire Ford County Wind, a 121 MW onshore wind farm in Ford County, Illinois, from funds managed by Ares Management Corporation’s Infrastructure Opportunities strategy. Upon the closing of the acquisition, Ørsted will add 121 MW operational wind to its portfolio in the US MISO market, which covers 15 states in the…
Tatneft sells its tire business to AO Tatneftekhiminvest
LONDON, UK: Tatneft has signed an agreement to sell the tire business of Tatneft Group to AO Tatneftekhiminvest-holding, which is not a member of Tatneft Group. The transaction framework covers, inter alia, Tatneft Group participation in Management Company Tatneft-Neftekhim LLC, in Nizhnekamsk All-Steel Tyre Plant LLC and LLC TD KAMA, as well as the shares in PJSC…
Sirius Real Estate agrees £16mn sale of BizSpace Business Park in london
LONDON, UK: Sirius Real Estate, the leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the UK, has agreed the sale of an asset in Camberwell, London, for £16 million representing a NIY of c. 2.0%. The asset formed part of the portfolio Sirius acquired…
LondonMetric Property sells four long income and leisure assets for £34 million
LONDON, UK: LondonMetric Property Plc has sold four assets, in separate transactions, for £34.2 million (LondonMetric share: £25.2 million), reflecting a blended NIY of 4.1%. The combined sale price is 35% above LondonMetric’s 30 September 2021 book value, representing 125bps of yield compression. The assets comprise: · a 32,000 sq ft grocery store in Ashford,…
Aquila European Renewables Income Fund acquires 30 MWp Solar PV asset in Spain
LONDON, UK: Aquila European Renewables Income Fund plc (AERIF), the London-listed investment company advised by Aquila Capital Investmentgesellschaft mbH has entered into a sale and purchase agreement (SPA) to acquire 100% of a 30 MWp operating solar PV asset (Tiza) for an undisclosed amount, with closing expected by Q3 2022. Tiza is located in the…
HydrogenOne Capital Growth to invest £5 million Germany based in HH2E AG
LONDON, UK: HydrogenOne Capital Growth plc has signed definitive agreements for an investment of £5 million (EUR 6m) in HH2E AG. HydrogenOne is investing alongside funds managed by Foresight Group LLP, as part of a funding round expected to total at least £10m (EUR 12m). HydrogenOne and Foresight have also signed a framework agreement giving…
Peter Tierney appointed CEO of DG Innovate Plc
LONDON, UK: DG Innovate Plc (LSE: DGI), the advanced research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and storage, announced the appointment of Peter Tierney as the Company’s new Chief Executive Officer, effective from 1 July 2022. Peter Tierney is an experienced Chief Executive with over 30 years’ experience in…
Kate Davidson appointed Chief Executive Officer of Dignity Plc
LONDON, UK: Dignity plc, the UK’s only listed provider of funeral and end of life services, announced the appointment of Kate Davidson as Chief Executive Officer, effective from 10th June 2022. The Company also confirms that Gary Channon’s final day as CEO will be 9th June, when he will also step down from the Board…
Experian Plc to acquire majority stake in Brazil based MOVA for $7.9mn
LONDON, UK: Experian Plc, the global information services company, has agreed to acquire MOVA Sociedade de Empréstimo entre Pessoas S.A. (‘MOVA’), a leading fintech in Brazil that helps equip any company, including non-banks, with the expertise and technology to perform data-driven credit assessments of their SME end-clients. SMEs are underserved by affordable credit in Brazil…
Emirates Telecommunications acquires 9.8% shares of Vodafone
LONDON, UK: Emirates Telecommunications Group (formerly known as Etisalat Group) announced that, through its wholly-owned subsidiary Atlas 2022 Holdings Limited, it has acquired 2,766 million shares in Vodafone, representing 9.8% of Vodafone’s issued share capital. Emirates Telecommunications Group (e&) has made the investment in Vodafone to gain significant exposure to a world leader in connectivity…
Manx Financial Group to acquire 50.1% stake in UK focused, Payment Assist Limited
LONDON, UK: Manx Financial Group PLC announced that Manx Ventures Limited has agreed to acquire a 50.1% interest in UK focused, point of sale lender Payment Assist Limited for a total initial consideration of £4 million payable in cash. Manx Financial Group has been working with Payment Assist since 2015, the company’s wholly owned subsidiary…