SYDNEY, AUSTRALIA: Neoen has provided notice to proceed to battery storage experts Doosan, signaling the start of construction of its 100 MW/200 MWh Capital Battery. The project is located next to TransGrid’s Queanbeyan substation, which is in the Australian Capital Territory (ACT). The ACT is an internationally recognized 100% renewable electricity jurisdiction, focused on reaching…
FirstFarms acquires Hungary-based Try-Béta for DKK 26 million
COPENHAGEN, DENMARK: FirstFarms A/S has entered into agreement to acquire 100% of the Hungarian company Try-Béta Kft. regarding land leases and crop production, silo plant and machinery. The purchase price is DKK 26 million. The purchase agreement is conditional to final due diligence and the trade is expected to be completed by the end of…
Moody’s upgrades Tritax Big Box REIT credit rating outlook to positive
LONDON, UK: Moody’s Investor Services has improved the Tritax Big Box REIT outlook to Baa1 (positive) from Baa1 (stable) and reaffirmed the company’s long-term corporate credit rating. This reflects the Company’s growing scale, continued focus on high-quality logistics assets, supported by even stronger sector fundamentals and the benefit of controlling and owning the UK’s largest…
Primary Health Properties buys Parkside Medical Centre in Lincolnshire
LONDON, UK: Primary Health Properties, one of the UK’s leading investors in modern primary healthcare facilities, has acquired the Parkside Medical Centre in Boston, Lincolnshire for a total consideration of £6.8 million. The property is fully let to a substantial GP practice and a pharmacy. The two leases, with a weighted average unexpired lease term…
Fitch affirms NewRiver REIT’s investment grade credit ratings
LONDON, UK: Fitch Ratings has affirmed NewRiver REIT plc’s Long-Term Issuer Default Rating (IDR) at ‘BBB’ with a Stable Outlook, senior unsecured rating at ‘BBB+’ and Short-Term IDR at ‘F2’. The senior unsecured rating applies to NewRiver’s £300 million unsecured bond dated 2028. This rating follows a transformative FY22 for NewRiver’s unsecured balance sheet, which…
ID Logistics acquires Colisweb for 24 million euros
PARIS, FRANCE: ID Logistics has acquired 100% of Colisweb, French specialist in the organization of last mile delivery by appointment. The purchase price, paid entirely in cash, is based on an enterprise value of 24 million euros. A price supplement of up to a maximum of 14 million euros may be paid in 2023 and…
Sistema increases effective stake in Binnopharm Group to 75.3%
MOSCOW, RUSSIA: Sistema’s subsidiary LLC Sistema Telecom Assets has exercised its call option to acquire the stake owned by VTB Bank in Sinocom Investments Limited, which owns shares of Ristango Holding Limited (owner of 100% of Binnopharm Group’s authorised capital) for a total of RUB 9.06 billion. As a result of the transaction, the Corporation’s…
Rentokil Initial inks deal to acquire Terminix Global for $6.7bn
LONDON, UK: Rentokil Initial plc has entered into a definitive agreement to acquire Terminix Global Holdings for stock and cash. The transaction will bring together two complementary businesses to create the global leader in pest control and hygiene & wellbeing, and the leader in the pest control business in North America, the world’s largest pest…
Proximar appoints Dharma Rajeswaran as new Chief Operating Officer
OSLO, NORWAY: Proximar strengthens its management team with the recruitment of Mr Dharma Rajeswaran as Chief Operating Officer (COO). “Rajeswaran is one of the most experienced executives within onshore farming of Atlantic salmon, representing valuable insight for successful execution”, says Joachim Nielsen, CEO of Proximar. Mr Dharma Rajeswaran has extensive operational background from the aquaculture…
Global Bioenergies completes €14.5 million fundraising
PARIS, FRANCE: Global Bioenergies announced successful completion of its capital increase for a total amount of €14.5 million, without preferential subscription rights for shareholders in favor of institutional investors for €13.5 million and of retail investors via the PrimaryBid platform for €1 million. Samuel Dubruque, Chief Financial Officer, said: “We now have €21.2 million cash in hands, which gives us visibility beyond the first semester of 2023. This transaction brings us renowned investors,…
Newcrest Mining sells royalty portfolio for $37.5 million
SYDNEY, AUSTRALIA: Newcrest Mining Limited (TSX: NCM) has entered into definitive agreements with Altus Strategies (LON: ALS) and AlphaStream Limited to sell a portfolio of 24 royalties. Newcrest will receive total cash consideration of approximately US$37.5 million from Altus and AlphaStream payable upon completion of the transaction. Completion of the transaction is expected to occur…
Aerometrex appoints Steven Masters as Managing Director and CEO
SYDNEY, AUSTRALIA: Aerometrex Limited (ASX: AMX) announced Steven Masters has been appointed Managing Director and Chief Executive Officer. Steven Masters is currently Chief Executive of ElectraNet, one of South Australia’s largest companies, and intends to commence his duties with Aerometrex in early 2022 following completion of his current employment. Mark Lindh, Aerometrex Chairman, said: “Following…