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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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September 19, 2014
06:42 EDTKKRKKR purchases extra 10% stake in Tiga Pilar, Reuters says
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September 18, 2014
07:34 EDTKKRSodaStream rumored as target for SABMiller, Diageo, Independent says
Rumors haver circulated among U.K. traders that soda machine maker SodaStream (SODA) could be targeted for a takeover by beverage makers SABMiller (SBMRY) and Diageo (DEO) or private equity group KKR (KKR), according to The Independent. Reference Link
07:17 EDTKKRBMO Capital to hold a conference
14th Annual Back to School Education Conference to be held in New York on September 18 with webcasted company presentations to begin at 8 am; not all company presentations may be webcasted. Webcast Link
September 17, 2014
11:25 EDTKKRKKR management to meet with Oppenheimer
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September 16, 2014
06:32 EDTKKRKKR signs term sheet to provide $164.2M financing to Indian company
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05:45 EDTKKRPioneer, KKR agree to Pioneer DJ share purchase
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September 10, 2014
11:03 EDTKKRKKR management to meet with JMP Securities
Meeting to be held in New York on September 16 hosted by JMP Securities.
06:23 EDTKKRUniCredit head sees loan project completion by end of FY14, Reuters says
Unicredit (UNCFF) CEO Federico Ghizzoni is anticipating a restructured loans project having to do with domestic competitor Intesa Sanpaolo (ISNPY) and KKR (KKR) to be finished by the end of FY14, according to Reuters, citing comments from Ghizzoni. Reference Link
September 9, 2014
08:23 EDTKKRU.S. Treasury Dept and U.S. Transportation Dept to co-host a summit
Infrastructure Investment Summit to be held in Washington, D.C. on September 9 with webcasted presentations to begin at 8:30 am. Webcast Link
September 8, 2014
05:51 EDTKKRKKR announces ownership of Papresa
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