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Global Partners LP latest news:
BRIEF-VR Global Partners LP Reports 5.2 Pct Stake In Resolute Energy Corp As Of Feb 5
Resolute Energy Corp(REN): * VR GLOBAL PARTNERS LP REPORTS 5.2 PERCENT STAKE IN RESOLUTE ENERGY CORP AS OF FEB 5 - SEC FILING. * VR GLOBAL PARTNERS LP SAYS ACQUIRED RESOLUTE ENERGY'S COMMON STOCK FOR INVESTMENT PURPOSES AND BELIEVED REPRESENTED ATTRACTIVE INVESTMENT OPPORTUNITY.
NRG to raise $2.8 billion in cash proceeds from asset sales
NRG Energy Inc. announced a series of asset sales Wednesday to raise $2.8 billion in total cash proceeds. The power company said it has agreed to sell its stake in NRG Yield, the holding company for its power generation assets, and in its renewables platform to Global Infrastructure Partners for $1.377 billion in cash. That deal is expected to close in the second half. The company has also agreed to sell stakes in certain ROFO pipeline assets to NRG Yield for cash proceeds of $407 million. NRG has also entered an agreement to sell its South Central business to Cleco Corporate Holdings LLC for $1.0 billion in cash. The company said it expects to make further asset sales in 2018 and is revising its total asset sales cash proceeds target to about $3.2 billion. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Why OneMain Holdings Stock Soared Today
Private equity funds managed by Apollo Global Management and Varde Partners are taking a 40.5% stake in the consumer lender.
Louis Dreyfus agrees to sell metals business to Chinese fund
* Commodity trader Louis Dreyfus Company agrees to sell global metals business to NCCL Natural Resources Investment Fund. * Louis Dreyfus says NCCL is managed by New China Capital Legend as general partner, with two limited partners AXAM Asset Management and China Molybdenum Co., Ltd. * Financial terms were not disclosed. * The deal is expected to be completed in the first half of 2018.
Louis Dreyfus agrees to sell metals business to NCCL fund
* Commodity trader Louis Dreyfus Company says agrees to sell global metals business to NCCL Natural Resources Investment Fund. * Louis Dreyfus says NCCL is managed by New China Capital Legend as general partner, with two limited partners AXAM Asset Management and China Molybdenum Co., Ltd. * Financial terms were not disclosed. * The deal is expected to be completed in the first half of 2018.
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