HICL Infrastructure has acquired a further 12.5% interest in the Southmead Hospital PFI Project from funds managed by Aberdeen Asset Management Group for a consideration of £25.3m. As a consequence of the acquisition, HICL now holds a 62.5% interest in the Project. The Project is a £430m, 35 year concession to design, build, finance, operate […]
When buying investment companies, usually the risks and rewards come primarily from investing in a single asset class, and most investment companies invest in equities. However, some employ what is called a multi-asset approach, which involves making investments in a range of different asset classes in addition to equities, such as fixed income, property and […]
Anglo American plc has exited the Tarmac business after selling its interests in the operating joint venture entities which have historically operated under the Tarmac name in the United Arab Emirates, Oman and Qatar to the Bouygues Group. The parties have not disclosed the value of the sale. In July 2015, Anglo American sold its […]
On 5 January Duet Real Estate Finance announced that a loan it had made against some German hotels (loan 12) had been repaid early, resulting in a cash inflow for the fund and an uplift in NAV thanks to early repayment penalties. The Company’s share of proceeds realised totalled £11m, equivalent to 15.29 pence per share. This […]
Miton Worldwide Growth Trust’s Board has changed its registered name to “Miton Global Opportunities plc”. The Directors think the Company’s name should be simplified and more accurately reflect the investment approach. In addition to the change of name, the Directors have agreed to appoint Frostrow Capital LLP to provide distribution and marketing, company secretarial and accounting […]
Central Asia Metals plc produced a record 12,071 t of copper at its Kounrad dump leach, solvent extraction and electro-winning copper recovery plant, in Kazakhstan, in 2015, an 8.4% increase on 2014. Q4 15 production was 3,661 t of copper, representing a 36% increase from Q4 14. The company sold 12,040 t of copper cathode […]
Vast Resources plc has concluded an agreement that will see a US family office invest £5 million in the company to enable it to progress its Romanian projects. Vast has issued 156.25 million new share units (including 156.25 million warrants) at a price of GBp0.8 per share to the investor for the first tranche of […]
The Board of The Renewables Infrastructure Group has announced it will buy a portfolio of French solar assets. An agreement has been reached between Renewables Infrastructure and Akuo Energy Group for an investment in a portfolio of 15 operating (brownfield) French solar photovoltaic (PV) projects. Akuo is one of France’s leading independent renewable energy producers. The deal comprises the […]
The Board of Phaunos Timber Fund has announced the sale of 100% of the equity shares of Green Nature Forestry Company Limited for USD 2.85m. The sale includes properties owned by Green China (Jiangxi) Forestry Company Limited, a wholly owned subsidiary of GNFC established in Nanchang, Jiangxi, China comprising of approximately 58,000 mu or 4,000 ha of […]
Grainger, the UK’s largest listed residential landlord, has announces that it has exchanged contracts with Turbo Group Holdings Limited, an entity owned by Patron Capital Partners and Electra Private Equity plc to sell its Equity Release Division (“Retirement Solutions”), with completion anticipated on or before 30 May 2016, subject to Turbo gaining regulatory approval from […]
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