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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.
News For BX;CX From The Last 14 Days
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March 24, 2015
09:23 EDTCXCEMEX coverage resumed with a Buy at Goldman
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March 19, 2015
07:55 EDTBXMolycorp bondholders led by Apollo close to hiring Blackstone, Bloomberg says
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06:06 EDTBXSunrun powers up for IPO later this year, WSJ reports
Sunrun, a solar-energy company, is said to be working with Credit Suisse (CS) and Goldman Sachs (GS) on a potential IPO for later this year, sources tell The Wall Street Journal, which adds that the company was valued at $1.3B as of March 2014. Other solar companies that have gone public in recent years include residential solar installers like Vivint Solar (VSLR), backed by Blackstone (BX), and SolarCity (SCTY), backed by Tesla's (TSLA) Elon Musk. Reference Link
March 18, 2015
15:22 EDTBXMolycorp creditors close to hiring Blackstone, Bloomberg says
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07:27 EDTBXFreeport seeks funding from Blackstone, Apollo, Reuters says
Freeport McMoRan (FCX) has hired Goldman Sachs (GS) and Barclays (BCS) to find private equity firms willing to finance certain of its energy projects and asset developments, reports Reuters, citing people familiar with the matter. Freeport is in talks with Blackstone (BX), Apollo (APO), and Warburg Pincus about a potential partnership. The sources say the firm may be seeking "several billion dollars," though discussions are in "very early" stages. Reference Link
07:08 EDTBXSome senior Blackstone execs may leave due to spin-off with PJT, Reuters says
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March 17, 2015
14:21 EDTBXBlackstone unlikely to lead bid for Macerich, Bloomberg says
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March 16, 2015
09:02 EDTBXRedOwl announces investment by Blackstone
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08:35 EDTBXBlackstone, 233 South Wacker confirm agreement for sale of Willis Tower
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06:10 EDTBXBlackstone buys Chicago's Willis Tower for $1.3B, WSJ reports
Blackstone executives say the firm has formed a deal to acquire the Willis Tower in Chicago for $1.3B, The Wall Street Journal reports. The deal for the former Sears Tower would be the highest price ever paid for a U.S. office tower outside of New York. Reference Link
05:53 EDTBXBlackstone looking to sell Center Parcs, The Sunday Times reports
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