Copenhagen Infrastructure Partners (CIP) is selling its stake in the 588MW Beatrice offshore wind farm off the coast of Scotland to The Renewables Infrastructure Group (TRIG) and funds managed by Equitix Investment Management.
TRIG said that it has exchanged contracts to acquire an equity stake of 17.5% in the wind farm, which represents approximately 12% of the company s investment portfolio.
The investment, which is subject to regulatory and lender consents that are expected to be received in the coming weeks, will be financed from a drawdown of the group s recently renewed revolving credit facility.
Equitix is also taking a 17.5% stake from CIP.
15 January 2021 | 09:17am
StockMarketWire.com - The FTSE 100 opened lower this morning over fears the UK is on the brink of a double-dip recession after official figures confirmed a slump in November.
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At 0845 GMT the benchmark index was down 41.12 points, or 0.60% to 6,760.84.
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Its shares rose 4.73% to £37.25.
Tobacco giant British American Tobacco said the Serious Fraud Office had ended its probe into suspicions of corruption activity carried out by the company. The SFO would not be taking no further action, and the company said it was pleased the investigation, launched on 1 August 2017, had been discontinued.
Copenhagen Infrastructure Partners (CIP) is selling its stake in the 588MW Beatrice offshore wind farm off the coast of Scotland to The Renewables Infrastructure Group (TRIG) and funds managed by Equitix Investment Management.
TRIG said that it has exchanged contracts to acquire an equity stake of 17.5% in the wind farm, which represents approximately 12% of the company s investment portfolio.
The investment, which is subject to regulatory and lender consents that are expected to be received in the coming weeks, will be financed from a drawdown of the group s recently renewed revolving credit facility.
Equitix is also taking a 17.5% stake from CIP.