Partners Group sells subsea electricity connector for 1 bln euro
March 17 (Reuters) - Swiss private equity firm Partners Group (PGHN.S), opens new tab has sold Greenlink, a 504 megawatt subsea electricity interconnector linking Great Britain and Ireland, to Baltic Cable and Equitix, it said in a statement on Monday.
The enterprise value of the transaction is 1 billion euros ($1.09 billion), Partners added in a statement, saying that it was advised by UBS (UBSG.S), opens new tab, Clifford Chance and Arthur Cox.
The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
($1 = 0.9186 euros)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
7 hours ago
- Reuters
Swiss solar panel maker Meyer Burger files for insolvency for German subsidiaries
May 31 (Reuters) - Swiss solar panel maker Meyer Burger (MBTN.S), opens new tab filed for insolvency for its German subsidiaries, the company said in a statement on Saturday.
Reuters
a day ago
- Reuters
Trump says Pakistani representatives coming to US next week for trade talks
WASHINGTON, May 30 (Reuters) - U.S. President Donald Trump said on Friday representatives from Pakistan are coming to the United States next week as the South Asian country seeks to make a deal on tariffs. Pakistan faces a potential 29% tariff on its exports to the United States due to a $3 billion trade surplus with the world's biggest economy, under tariffs announced by Washington last month on countries around the world. Trump said he would have no interest in making a deal with the South Asian country or its neighbor, India, if they were to engage in war with each other. The two nuclear-armed rivals used fighter jets, missiles, drones and artillery in four days of clashes this month, their worst fighting in decades. "As you know, we're very close making a deal with India," Trump told reporters at Joint Base Andrews after departing Air Force One. Indian Trade Minister Piyush Goyal visited Washington recently to advance trade talks, with both sides aiming to sign an interim agreement by early July. India faces 26% tariffs on shipments to the U.S. Reuters reported last week that India is likely to allow U.S. firms to bid for contracts worth over $50 billion, mainly from federal entities, as it negotiates a trade deal with Washington.
Reuters
a day ago
- Reuters
China's manufacturing activity falls in May, PMI shows
BEIJING, May 31 (Reuters) - China's manufacturing activity shrank for a second month in May, an official survey showed on Saturday, raising expectations for more stimulus to support the economy amid a protracted trade war with the United States. The official purchasing managers' index (PMI) rose to 49.5 in May versus 49.0 in April, below the 50-mark separating growth from contraction, and was in line with a median forecast of 49.5 in a Reuters poll.
