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Stock Market & Financial Investment News

News Breaks
June 24, 2014
06:14 EDTKKRKKR to take 33% stake in Acciona's renewables business
ACCIONA, a global infrastructure, water and renewable energy group, and Kohlberg Kravis Roberts & Co. LP announced a partnership to consolidate and develop one of the largest operating international renewable energy portfolios in the world. Under the agreement, KKR will invest in ACCIONA Energía International, the international renewable energy generation business of ACCIONA Energía, the Spanish multinational's energy division. KKR is making the investment from its global infrastructure fund. KKR is acquiring a one-third stake in AEI at a price of EUR417M and will help to fund future growth of the renewables portfolio. ACCIONA Energía will retain the remaining two-thirds of AEI. AEI will hold ACCIONA Energía's operating renewable assets outside Spain, comprising 2.3 GW in 14 countries, including US, Mexico, Australia, Italy, Portugal and South Africa, that will generate an estimated cash flow of EUR120M distributable to the partners. Most of the portfolio is comprised of wind farms, with a small number of solar assets.The investment gives an implied enterprise value to AEI of EUR2.6B, including EUR1.3B in equity and EUR1.3B in net debt, making this one the world's largest financial transactions in the renewable energy sector to date. ACCIONA Energía will operate AEI's assets for 20 years under a management agreement. ACCIONA Energía will also give AEI a Right of First Offer on future renewable energy projects it develops within AEI's operational territory. ACCIONA Energía has a strong pipeline that can be accelerated through this partnership. The agreement is expected to be closed before the end of the year.
News For KKR From The Last 14 Days
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February 12, 2016
08:17 EDTKKRKKR, The Fresh Market would be 'odd match,' says RBC Capital
After Reuters reported that Kroger (KR) has joined multiple private equity firms in the second round of an auction for The Fresh Market (TFM), RBC says that Kroeger and the Fresh Market would be an "odd match." The firm says that The Fresh Market is facing a great deal of competition in the Southeast, and it believes that Kroger is pursuing the deal because it is interested in the company's real estate. RBC estimates that The Fresh Market could be acquired for $21 per share. It keeps a Sector Perform rating on Kroger and an Underperform rating on The Fresh Market.
07:13 EDTKKRKeefe Bruyette to hold a conference
Financials Conference is being held in Boca Raton, Florida on February 11-12 with 1:1s available on February 12 with various companies.
February 11, 2016
14:00 EDTKKRThe Fresh Market jumps after report of Kroger takeover pursuit
Shares of grocer The Fresh Market (TFM) jumped in afternoon trading after Reuters reported that supermarket giant Kroger (KR) is in the second round of bidding for the smaller rival. Private equity firms Apollo Global (APO), KKR (KKR) and TPG Capital are also pursuing a potential deal, the report noted. Shares of The Fresh Market jumped 19% to $22 following the report.
07:29 EDTKKRKKR reports Q4 adjusted ENI 8c, consensus 27c
Reports Q4 revenue $307.92M, consensus $284.29M. For the quarter, After-tax Economic Net Income and After-tax Economic Net Income per adjusted unit were $70.5M and 8c, respectively. After-tax Cash Earnings and After-tax Cash Earnings per adjusted unit eligible for distribution were $168.6M and 21c, respectively.
06:54 EDTKKRKKR reports book value per adjusted unit $11.78 as of December 31, 2015
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06:33 EDTKKRKKR volatility elevated into Q4 and outlook
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February 10, 2016
14:32 EDTKKRNotable companies reporting before tomorrow's open
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February 9, 2016
06:00 EDTKKRKKR to acquire 50% stake in Swedish industrial R&D company Valinge
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05:19 EDTKKRKKR signs three agreements to ultimately acquire 50% stake in Valinge
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February 5, 2016
06:53 EDTKKRBlackstone, Onex advance in Philips Lighting auction, Bloomberg reports
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