Photo credit: Chesnot, Getty Images Call it a hunch, but the story did not jibe. I scanned the headline for the umpteenth time and then read and reread the pertinent details. Something was missing. Either that or I had a screw loose. According to the
Tri-City Herald, a 14,500-acre swath of choice eastern Washington farmland in the Horse Heaven Hills of Benton County had just traded hands for almost $171 million. That’s a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. Pretty pricey dirt, right? That’s exactly what I thought. Especially when it comes to row crops like sweet corn and wheat, which were grown in rotation with potatoes on 100 Circles, which is the name of the property that changed hands.
By Reuters Staff
2 Min Read
JAKARTA (Reuters) - Indonesia’s soon-to-be launched sovereign wealth fund (SWF) is targeting $20 billion in investment in the next few months, President Joko Widodo said, a larger sum than previously announced after positive responses from several firms.
Southeast Asia’s largest economy hopes to launch the SWF early this year to attract funds to help it get out of its pandemic-induced recession as well as finance an ambitious infrastructure drive and a massive capital relocation project.
Unlike many SWFs set up by wealthy countries to save oil revenues or foreign exchange reserves, the Indonesian fund - like others in emerging markets - is designed to attract foreign firms as co-investors.
Indonesia's soon-to-be launched sovereign wealth fund (SWF) is targeting US$20 billion in investment in the next few months, President Joko Widodo said, a larger sum than previously announced after positive responses from several firms. Southeast Asia's largest economy hopes to launch the SWF early this year to attract funds to help it get out of its pandemic-induced recession as well as finance an ambitious infrastructure drive and a massive capital relocation project.
Petco IPO Raises $864 Million as Retailer Returns to Market
Jan 14 2021, 5:38 PM
January 14 2021, 5:54 AM
January 14 2021, 5:38 PM
(Bloomberg) The owner of the animal supply chain store Petco raised $864 million in an initial public offering, returning the retailer to the public market 15 years after it was taken private.
(Bloomberg) The owner of the animal supply chain store Petco raised $864 million in an initial public offering, returning the retailer to the public market 15 years after it was taken private.
The company, which is changing its name to Petco Health and Wellness Co. in conjunction with the listing, sold 48 million shares for $18 each, according to a statement. The private equity-backed company had marketed the shares for $14 to $17.