HAFSLUND, NORWAY: Magnora ASA and Helios Nordic Energy AB have established a new company to develop large-scale solar parks in Norway. The parties have an ambition for the newly established company to develop 1,000 MW of solar power to ensure more renewable energy for Norway. Hafslund has also committed to investing NOK 100 million in…
Kibo Energy will acquire Shankley Biogas Ltd
LONDON, UK: Kibo Energy Plc (AIM: KIBO), the renewable energy focused development company, has signed a definitive Share Purchase Agreement to acquire a 100% interest in a waste reception, Anaerobic Digestor (AD) and CHP power plant at Merseyside, United Kingdom. The acquisition of Southport, a 12MW waste-to-energy project in the UK, is in line with…
XPS Pensions Group has acquired Penfida Limited for £11.6 million
LONDON, UK: XPS Pensions Group plc has acquired the entire issued share capital of Penfida Limited, the leading independent corporate finance and covenant advisor to UK pension funds for a total cash consideration of £11.6 million. Consideration is comprising £7.9 million on completion and contingent deferred consideration of up to £3.7 million, subject to business…
Schneider Electric offers to acquire AVEVA for £9.482 billion
LONDON, UK: The boards of Schneider Electric and it’s indirect subsidiary Ascot Acquisition Holding (BidCo) have reached agreement on the terms of a recommended cash acquisition by which the entire issued and to be issued share capital of AVEVA. Samos has a majority stake in AVEVA, holding 178,573,525 AVEVA Shares, representing approximately 59.14 per cent…
Keywords Studios agrees to acquire Smoking Gun Interactive for CAD40mn
LONDON, UK: Keywords Studios, the international technical and creative services provider to the global video games industry, has entered into a conditional agreement to acquire Smoking Gun Interactive Inc. This acquisition would further the Group’s strategy to be the partner of choice for technical and creative services for the global video games industry. Smoking Gun…
Vianode invests NOK 2 billion in battery materials plant in Norway
OSLO, NORWAY: Vianode, a company owned by Elkem, Hydro and Altor, has decided to invest in its first industrial-scale plant for sustainable battery materials at Herøya in Norway. The investment of around NOK 2 billion will create new industrial jobs and provide critical battery materials. The decision is an important step towards establishing a complete…
TAQA secures $1.09bn project financing for Mirfa International Power & Water Plant
ABU DHABI, UAE: Abu Dhabi National Energy Company (TAQA) has announced that the Mirfa International Power & Water Company (MIPCO), the project company that owns and operates the Mirfa Power & Water Plant (Mirfa IWPP), successfully completed refinancing of AED 4 billion (USD 1.09 billion). This long-term financing is denominated in USD and is slated…
3 Forward-Thinking Investments to Consider
The world of investing has historically appeared intimidating to beginners, but it’s only grown even more so with time. As new types of assets and investment activities emerge, and with them more technical jargon to keep up with, it can be difficult for novice investors to even figure out where to begin. Reading up on…
Nickel Industries to supply 5-7mn wet metric tonnes/annum of limonite ore over the next 20 years
SYDNEY, AUSTRALIA: Nickel Industries Limited has signed a long-term strategic cooperation agreement with PT QMB New Energy Materials. Subject to the necessary approvals, QMB would build a concentrator plant within the HM area that will supply via pipeline, for a period of 20 years, approximately 5-7 million wmtpa of limonite ore (1.1% – 1.3% grade)…
Centuria Capital acquires Perth office building, forms Allendale Square Fund
SYDNEY, AUSTRALIA: Centuria Capital Group (ASX: CNI) has acquired a 50% interest in an A-Grade Perth office building for $111.5 million on a 7.25% capitalisation rate, which will form a new, unlisted single-asset close-ended wholesale property fund, Allendale Square Fund, providing an initial five-year term. The acquisition is part of a counter-cyclical investment strategy with…
Viva Energy to acquire Coles Express in a $300mn deal
SYDNEY, AUSTRALIA: Viva Energy Group Limited announced plans to create a leading integrated fuel and convenience business through agreement to acquire Coles Express’s retailing capability and infrastructure. Viva Energy will acquire the retail convenience business operated by Coles Express for a headline consideration of $300M million, subject to customary adjustments at completion. The consideration will…
The Story & Benefits of Hybrid Cloud Storage Solutions
Hybrid cloud storage is a solution that combines the benefits of cloud storage with local storage. It has been around for years but it has only recently become popular as more businesses are moving to the cloud. Hybrid cloud storage provides businesses with the best of both worlds – it offers them the convenience and…