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The Aussie superfund’s solo bid beat a joint offer from MIRA and Sunsuper, with Cbus dropping out of the process.
The airport will realise ‘significant’ cost savings from the deal, taking 95,000 MWh annually from Crudine Ridge Wind Farm, approximately 25% of the facility’s output.
The move for BridgeTex marks the Canadian pension’s ‘re-entry’ into the US midstream sector and its third energy deal in the country this year.
Now the initiative has ended, with most of the available assets in private hands, Daniel Kemp looks at the risks of taking such large businesses private.
Prime Minister Giuseppe Conte softens threat to nationalise all concessions but warns of ‘a clear signal of change’ to how they are operated.
The government could also support new coal-fired power stations as PM Malcom Turnbull gives in to pressure from MPs within his own party.
'Appalling’ timing gave founders Mike Dorrell and Trent Vichie a rough time at Blackstone. But that tough formative experience gave birth to one of the asset class’s standout operators. With their $7.2bn third fundraising behind them, we find out what’s next.
The UK pension has been struggling with its infra allocation, investing last year in Infracapital to make up for a slower Partners Group drawdown, but finding itself in the same situation again.
The authorities are also demanding resignations and considering fines for operator Autostrade, following the incident in Genoa which killed at least 37 people.
A ‘paradigm shift’ in US regulation could lead to foreign investments, even for minority stakes, submitted to mandatory reviews.