Hints and tips:
...“It is a pan-Asia fund so we can allocate capital dynamically, but in terms of the $13bn of infrastructure equity, less than 2 per cent has been allocated to China,” Luboff said....
...“CVR Energy is a cash cow,” said Nick Moglia, a credit analyst with CreditSights....
...Its CVR stake, worth about $2.3bn at the time, represented about a quarter of the conglomerate’s overall value....
...By her calculations, direct lenders were charging roughly 2.5 percentage points more than banks. A year ago, that figure was a full percentage point lower....
...News round-up Exclusive Singapore wine club closes as ultra-rich shun flash for discretion (FT) Diamondback Energy agrees to buy Endeavor in $26bn US oil deal (FT) PwC delays graduate scheme promotions...
...Jamal Hagler, the AIC’s vice-president of research, cites investments in new energy or energy transition infrastructure....
...Under the terms of the deal announced on Friday, Eni will acquire Neptune for $2.6bn, while Vår Energi — Eni’s Norwegian listed subsidiary — will acquire the company’s operations in Norway for $2.3bn....
...French oil major Total made an investment in 2016, later promising to buy 2.5mn tonnes a year from Driftwood....
...“Globally everywhere has risks right now, whether it’s inflation, politics or an energy crisis,” said Patrick Zhong of M31 Capital....
...The US has virtually no cell production and only produced enough modules to meet half of demand in 2022, according to Wood Mackenzie. 2....
...News round-up Energy Transfer to buy Crestwood for $7.1bn in latest US pipeline deal (FT) ArcelorMittal weighs possible bid for US Steel (Reuters) China thwarts Intel’s $5.4bn Israeli chipmaker purchase...
...It has also contracted power from large local utilities in order to handle the heavy energy needs of the properties it is planning to build....
...That continued into this year with CVC netting more than three times its money on the $4.9bn sale of oil platform Neptune Energy last month....
...This is, at least in part, because money will flow into the energy transition. “There are huge structural tailwinds,” Lucas said....
...Ares paid $2.01bn in cash for the first tranche, less than its principal balance of $2.07bn....
...As our friends at Energy Source point out: “Chevron’s largest deal last year was a $3bn acquisition of biofuel producer Renewable Energy Group....
...The US benchmark gas price was trading at about $2.28 per mn British thermal units on Thursday, compared to Europe’s main hub price of about $16/mn Btu....
...UK energy group Centrica has appointed Burberry’s chief digital and analytics officer Chanderpreet Duggal as a non-executive director....
...Meanwhile, tail risk funds betting on equity market volatility are up 13.2 per cent this year, according to the CBOE Eurekahedge Tail Risk Hedge Fund index....
...The company will retain a 45 per cent stake in the business and is providing $2.25bn in seller financing that will eventually be repaid....
...Varo is also targeting a 40 per cent absolute cut in the scope 1 and scope 2 emissions generated from its own operations by 2030 and a reduction to net zero by 2040....
...In April, average bills will rise 54 per cent to almost £2,000 a year for most households....
...The brothers own the planes through entities called Clear Sky LP and Clear Sky 2 LP. Here’s a chart showing how it works: How common is this type of arrangement? Have you seen it elsewhere?...
...About 2.1mn students embarked on a US university education last autumn, down 22 per cent since 2015. On the other hand, did we mention Princeton?...
...The firm acquired energy infrastructure company Spark Infrastructure for $3.7bn in December as part of a consortium that included Canadian pension funds....
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