Asia Today Research and Media acknowledges and felicitates the winners of Asia Education Summit and Awards 2021 aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Partners Group Buys District Heating Platform in Northern Europe from Fortum
Posted on 03/13/2021
Partners Group, on behalf of its clients, agreed to acquire one of the largest district heating platforms in the Baltics, from Finnish energy company Fortum Corporation. Fortum, which operates across Estonia, Latvia and Lithuania, has 74 generation assets, which generate heat capacity of 881 MW and power capacity of 130 MW across 387 kilometers of district heating networks. The District Heating Platform’s fuel is largely derived from renewable or recycled sources, mainly biomass.
The total consideration on a debt- and cash-free basis is 800 million euros. Fortum expects to record a tax exempt capital gain of approximately 240 million euros in the City Solutions segment’s second-quarter 2021 results. The transaction is subject to customary closing conditions and is expected to be completed in the second quarter of 2021.
Fuel & Energy sector was M&A market leader in Russia in 2020 AK&M 439 AK&M 02 March 2021 20:27 The fuel and energy sector took the lead in the M&A transactions in Russia in 2020, accounting for 34.9% of the total market volume with 12 transactions for a total amount of $13.8 billion, which is 7.7% above the 2019 result, according to the recent issue (no. 274) of AK&M Information Agency s MERGERS AND ACQUISITIONS MARKET monthly bulletin. Last year s largest M&A event was the exchange of assets between Rosneft and Eduard Khudainatov s Independent Petroleum Company in December, the amount of transaction reaching $11.1 billion. This deal is the largest M&A event in the market for the whole year.
Insights on the Small Hydropower Global Market to 2027 – Featuring RusHydro, Siemens & Statkraft Among Others – ResearchAndMarkets com financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.