A consortium consisting of Sixth Street and BGH Capital has signed an agreement to acquire New Zealand-based payments and technology company Pushpay Holdings for $895m in cash. Currently, private equity investors Sixth Street and BGH Capital, through their entities, together own 20.34% of the shares in Pushpay. The offer price represents a 30.1% premium to […]
Danish engineering company Ramboll has been contracted to design turbine foundations for the 1.5GW Atlantic Shores offshore wind project 1 in the US. The offshore wind farm will be located approximately 10-20 miles off the coast of Atlantic City, New Jersey. It is owned by Atlantic Shores Offshore Wind, which is a 50:50 joint venture […]
Aegon has agreed to sell its Dutch pension, life and non-life insurance, banking, and mortgage origination businesses to ASR Nederland (a.s.r or ASR), a Netherlands-based insurance group, in a deal worth $4.9 billion. The sale proceeds for the Dutch insurance giant will include $2.52 billion in cash and a 29.99% stake in ASR. The transaction […]
French oil and gas company TotalEnergies has formed a joint venture with Brazilian energy company Casa dos Ventos (CDV) to jointly develop 12GW of renewable energy projects in Brazil. The joint venture, to be owned 34% by TotalEnergies and 66% by Casa dos Ventos, will develop, build, and operate the renewable energy portfolio of the […]
Volvo Group has announced plans to build a battery module manufacturing facility at its Ghent truck plant in Belgium, aiming to start production by 2025. Currently, the automobile giant procures both cells and modules from its suppliers. The new battery module facility at Ghent will use battery cells from partners as well as from the […]
The Government of the Federal Republic of Germany has signed a five-year charter contract with US-based LNG company Excelerate Energy for the floating storage and regasification unit (FSRU) Excelsior (FSRU Excelsior). The contract was signed by Excelerate President and CEO Steven Kobos and Dr. Patrick Graichen, State Secretary at the Federal Ministry for Economic Affairs […]
Hyundai Motor Group has commenced construction of an electric vehicle (EV) and battery manufacturing plant in the US, with a total investment of $5.54 billion. Revealed five months ago, the investment will involve building Hyundai Motor Group Metaplant America’s new manufacturing plant at the Bryan County Mega site. Mainly powered by renewable energy, the new […]
China Resources Beer (Holdings) Company has agreed to acquire a stake of 55.19% in Guizhou Jinsha Jiaojiu Winery Industry Co., for a total consideration of $1.68 billion. The transaction is expected to allow China Resources Beer to expand its baijiu business in the country. Based in Guizhou, China, Guizhou Jinsha Winery has acquired a high-quality […]
Octopus Energy Generation has announced investing an undisclosed amount in renewables developer Nexta with an aim to develop 1.1GW of green energy in Italy by 2025. The investment marks the entry of the European renewables investor into the Italian market. A joint venture will be formed by Octopus Energy Development Partnership (OEDP) and Milan-based Nexta […]
German automobiles manufacturer BMW Group will invest $1.7 billion to produce battery electric vehicles in the US, as it targets to release at least six fully electric models in the North American country by 2030. The electromobility investment of $1 billion will be made in its Plant Spartanburg to manufacture the electric vehicles, while the […]