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Stock Market & Financial Investment News

News Breaks
April 10, 2014
09:06 EDTBX, CXBlackstone reaches a financial closing for Ventika
Fisterra Energy, a company majority owned by funds managed by Blackstone (BX), and Blackstone Energy Partners, announced it has reached a financial closing for Ventika. Ventika will be located in the northeastern Mexican state of Nuevo Leon and is comprised of two 126 megawatt wind farms with total capacity of 252MW. Once completed the project will alleviate significant demands on Mexico’s existing power infrastructure, helping Mexico reduce pollution and CO2 emissions, and meet its target of achieving 35% renewable generation by 2025. The $650M project is being jointly developed by CEMEX (CX) and Fisterra Energy. This investment funds the installation of 84 Acciona AW-3000 wind turbine generators, each with a hub height of 120 meters and a nominal output of 3MW per turbine. Construction of the project, which is scheduled to be completed in FY16, is expected to generate approximately 1K jobs and more than 2K additional jobs in related industries.
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August 22, 2014
06:54 EDTBXBlackstone using loophole in European loan rules, Reuters says
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06:42 EDTBXBlackstone in discussions to back China-based fund, Bloomberg says
Blackstone (BX) is in discussions to possibly back Hong Kong-based distressed fund, Arkkan Capital Management, which was founded by the former global leader of Goldman Sachs' (GS) special situations division Jason Brown, according to Bloomberg, citing two people with knowledge of the matter. Reference Link
August 18, 2014
06:43 EDTBXReport says Blackstone, TPG near Kensington takeover deal, Sky News says
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August 14, 2014
12:46 EDTCXCEMEX to invest $340M in new Colombia CLH cement plant
CEMEX announced that its subsidiary, CEMEX Latam Holdings, will begin the construction of a cement plant in Colombia. The total investment is expected to reach approximately $340M and to increase CLH’s cement production capacity in Colombia from 4.5M to close to 5.5M tons per year. The first phase of this project includes the construction of a new grinding mill that is expected to start cement production during the second quarter of 2015. The rest of the plant will be completed during the second half of 2016. The plant will operate using modern and efficient technology to comply with high quality and environmental standards.
08:38 EDTBXShell to sell Haynesville Assets to Blackstone, Vine Oil & Gas for $1.2B
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08:37 EDTBXShell to sell Haynesville Assets to Blackstone, Vine Oil & Gas for $1.2B
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