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UK's Drax to complete Pinnacle Renewable purchase on April 13

UK s Drax to complete Pinnacle Renewable purchase on April 13
Reuters
2 hrs ago
OSLO (Reuters) - British power producer Drax said on Wednesday it would complete its purchase of Canada-based Pinnacle Renewable Energy Inc on April 13 after clearing a final regulatory hurdle.
The Supreme Court of British Columbia had granted the final order for the acquisition on April 6, Drax said.
This meant all the conditions to complete the acquisition had now been satisfied or waived, it added.
Drax and Pinnacle shareholders have approved the transaction.
Pinnacle Renewable Energy produces sustainable fuel for renewable electricity generation and the deal values the company at C$741 million ($588 million) including debt. ....

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Alabama's economic development report card shows $4.8 billion in 2020 investment

Alabama s economic development report card shows $4.8 billion in 2020 investment
By Jerry Underwood
April 6, 2021
A $40 million FedEx Ground logistics center was one of several major distribution and logistics projects announced in Alabama during 2020, amounting to more than a combined $500 million in capital investment. (contributed)
Despite challenges posed by the pandemic, economic development across Alabama in 2020 generated close to $5 billion in capital investment and almost 10,000 job commitments, Gov. Kay Ivey announced.
With significant growth projects recorded in key strategic industrial sectors, Ivey said the activity will strengthen the foundations of Alabama’s economy and help accelerate the recovery that is taking place across the state. ....

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UK's Drax to complete Pinnacle Renewable purchase on April 13

UK's Drax to complete Pinnacle Renewable purchase on April 13
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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