Poland's Enea to double wind capacity in $236 million deal
WARSAW, March 26 (Reuters) - A unit of Polish state controlled utility Enea (ENAE.WA), opens new tab signed a deal to buy six Polish wind farms and a solar farm project from Danish renewable group European Energy, the company said on Wednesday.
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Reuters
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- Reuters
UK's Metro Bank receives takeover approach, Sky News reports
June 14 (Reuters) - UK's Metro Bank (MTRO.L), opens new tab has been approached about a takeover bid backed by a private equity firm Pollen Street Capital, Sky News reported on Saturday. Reuters could not immediately confirm the report.
South Wales Argus
8 hours ago
- South Wales Argus
Poundland £1 sale dubbed 'ironic' by customers online
Owned by the Polish company Pepco, it was confirmed that the brand was sold for a nominal sum to the US investment firm Gordon Brothers. Poundland currently has 825 stores across the UK, employing around 16,000 staff. However, much of this could be put at risk because of a proposed restructuring. This comes after poor sales in January and February, driven by an apparent fall in popularity, according to the BBC. Poundland was sold for just £1, it has been reported (Image: Owen Humphreys/PA) Retail analyst Sofie Willmott from GlobalData said: "Those who favoured Poundland for low price groceries have been tempted away by the supermarkets who have been aggressively competing on price, and the failure of its clothing range has been a distraction for the retailer." Shoppers brand Poundland's sale for one quid 'ironic' Responding to the news, shoppers were quick to comment on the eye-catching sum. One person said of the Poundland purchase: "Ironic that considering that so many things in @Poundland now, in fact, cost £2.50 that the new owners snapped up the business for £1." Another added on X, formerly known as Twitter: "Poundland really said, 'stay on brand'". A third worried user penned: "What does this hold for the future of poundland cause I ac like it." Recommended Reading: Which Poundland stores could close after sale? Store closures are expected, but a spokesperson for the retailer refused to comment on specific locations facing the axe, according to Yahoo News. Up to 100 stores are at risk, with Poundland saying that details of this would come in "due course". Several Poundland shops closed in the last few months, including the brand's Macclesfield, Belle Vale Shopping Centre (Liverpool) and Surrey Quays locations. The sale also puts many of the company's 16,000 staff at risk of redundancy.
Reuters
19 hours ago
- Reuters
Inter Milan set to early repay bond as plans new debt deal
MILAN, June 13 (Reuters) - Champions League finalist Inter Milan is set to repay early a 415 million euro ($479.57 million) high-yield bond this month as the Italian soccer club prepares to secure funds from a new debt deal, it said in a statement on Friday. Inter Milan paid a 6.75% coupon to place a five-year bond in 2022 to refinance Italy's top-flight soccer club's debt. The debt facility was issued by the Serie A club's media company, which manages the broadcast and sponsorship business of Inter Milan. The company plans to redeem the bond on June 26, subject to securing funds from a debt financing transaction by the business day before the redemption date, it said in a statement. Companies typically repay debt early to secure better financial conditions. Controlled by U.S. investment fund Oaktree (OAK_pa.N), opens new tab, Inter Milan was reportedly tapping private debt investors to refinance the debt facility. Oaktree took over the club last year after a missed 395 million euro payment from the then majority shareholder, Chinese conglomerate Suning ( opens new tab. ($1 = 0.8654 euros) (This story has been refiled to fix typos in paragraphs 1 and 5)
