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U.S. automakers to lose market share to Asian rivals amid fuel price surge - Cox
Why is Q32 Bio stock sliding today?
India considers cutting import duties on pulses to cool prices, sources say
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Submit a question: What does the bond sell off mean for the global economy?
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Russia Clarifies Nuclear Warning to NATO as Non-Confrontational
UK Is First Big Economy to Pay 6% on Long Debt Since Euro Crisis
Eurozone Labor Market Continues to Defy Mounting Economic Headwinds
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Antin agrees sale of majority stake in Vicinity Energy to Harrison Street
Antin Infrastructure Partners has agreed to sell a majority stake in US district energy provider Vicinity Energy to Harrison Street in a transaction valuing the business at $2.92bn, according tp a report by Reuters.
The deal, which is subject to regulatory approval, is expected to close during the first half of 2027.
Harrison Street will acquire its interest through a joint venture with Kenon Holdings, adding Vicinity to the investment firm’s portfolio of infrastructure and real asset investments.
Antin established Vicinity in 2019 after carving out Veolia’s US district energy operations. The company provides heating and cooling services to more than 1,000 buildings across 12 major US cities, with its services delivered under long-term contracts.
Antin’s shares rose 3.7% to €10.53 by 10:53 GMT on 30 September following news of the agreement.
Source: Private Equity Wire