Proterra Inc on Tuesday agreed to go public through a merger with ArcLight Clean Transition Corp, in a deal valued at $1.6 billion, including debt, joining several electric vehicle makers that have listed in the last few months.
By Reuters Staff
3 Min Read
MADRID (Reuters) - Shares of Spanish housing developer Quabit surged up to 15% on Tuesday after real estate promoter Neinor Homes agreed to buy the firm part-owned by Mexican billionaire Carlos Slim.
FILE PHOTO: Mexican billionaire Carlos Slim addresses the audience during an event in Mexico City, Mexico November 27, 2019. REUTERS/Luis Cortes
The merged entity would rank among Spain’s top three real estate promoters, with around 2 billion euros in gross asset value, Quabit CEO Felix Abanades said, noting that the goal was to become Spain’s leading platform for rental accommodation.
The deal values Quabit at 62 million euros ($75.35 million), excluding 240 million euros of net debt, around 15% above its market capitalisation of 54 million euros at Monday’s close. It will provide Neinor with 7,000 new housing units and create a company with enough land assets to develop 16,000 units.
Japanese health authorities say it is difficult to determine the efficacy of Fujifilm Holdings Corp's antiviral drug Avigan as a treatment for COVID-19, Kyodo News reported on Thursday.
British shares dropped on Tuesday as worries about increasing cases of COVID-19 and its impact on the economy coupled with a stronger pound overshadowed a set of upbeat earnings forecasts.
London stocks ended lower on Monday as rising coronavirus cases across Europe stoked worries about its near-term economic impact, while Signature Aviation jumped on reaching an agreement for a takeover deal with Global Infrastructure Partners.