ReNu Energy Limited has announced that it has reached an agreement with Resonance Asset Management Limited regarding the sale of a 70% majority equity stake in ReNu Energy’s existing bioenergy assets. Resonance will acquire the assets through the specialised international infrastructure investment fund, Resonance Industrial Water Infrastructure Fund Limited (RIWIF).
Energy Finance & Investment News in New Zealand
The AMP Capital Diversified Infrastructure Trust (ADIT) and AMP Capital Core Infrastructure Fund (CIF) have attracted their first New Zealand investors, reflecting growing interest locally in the asset class.
Longroad Energy Holdings has announced the closing of an equity investment and credit commitment from two partners: Infratil Limited, a publicly traded infrastructure investor, and the New Zealand Superannuation Fund, a sovereign wealth fund.
Colonial First State Global Asset Management's (CFSGAM) managed infrastructure funds have completed the acquisition of Maui natural gas pipeline (MGP) in New Zealand from the joint venture made up Shell, Todd and OMV.
The Overseas Investment Office has approved the application of First State Funds to purchase Vector Gas Limited which owns and operates Vector’s gas transmission and non-Auckland gas distribution businesses.
Two infrastructure funds managed by Colonial First State Global Asset Management (CFSGAM) have agreed to acquire the Maui natural gas pipeline (MGP) from Shell New Zealand-controlled Maui Development.
Infratil confirmed last week that the sale of its 20% stake in Z Energy Limited has been completed. Infratil had announced in early October that it had agreed to sell its 20% interest in Z Energy Limited (80 million shares) via a block trade for $6.00 per share.
Statoil has been awarded four new exploration permits offshore New Zealand, building on its existing position. This deepens and diversifies Statoil’s long-term portfolio.