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Sunday, September 27, 2020

Macquarie Group News

Export cable laying, Gwynt y Môr Offshore Wind Farm. Photo: Macquarie Group Limited

Macquarie Doubles Gwynt y Môr Stake

Macquarie Infrastructure and Real Assets (MIRA) has agreed to lift its shareholding in the 576-MW Gwynt y Mor offshore wind farm in the UK by purchasing an additional 10% stake for an undisclosed sum.MIRA has managed a 10 per cent stake in Gwynt y Môr since 2017 following Macquarie Group’s acquisition of the Green Investment Bank.Gwynt y Môr is a 576 MW offshore wind farm positioned 13 kilometers off the coast of North Wales. Operational since 2015, Gwynt y Môr is comprised of 160 3.6 MW wind turbines spread across 80 square kilometers.

Image: Macquarie Acquisition

Macquarie Acquisition of German Offshore Wind Approved

The European Commission has approved the acquisition of Ocean Breeze Energy GmbH & Co. KG by Sage Holdings, ultimately indirectly controlled by Macquarie Group Limited.Ocean Breeze Energy is the owner of North Sea wind farm BARD Offshore 1, from Unicredit. The 400MW offshore wind farm is positioned 100 kilometres off the coast of northwestern Germany.Under the EU Merger Regulation, the proposed acquisition would raise no competition concerns as the companies are not active on the same or vertically related markets…

Image: Iberdrola

Iberdrola Sells Stake in East Anglia One to GIG

Spanish public multinational electric utility company Iberdrola has entered into an agreement with Green Investment Group (GIG), part of Macquarie Group, to sell a 40% share in the East Anglia One offshore wind farm.The group will continue to be the majority shareholder, with 60% of this offshore wind farm, which will be one of the largest in the world when it enters into operation.According to transaction terms and conditions the entire value of EAO amounts to £4.1 billion and when the wind farm is operational in 2020…

File Image: One of DP world's many intermodal terminals. (CREDIT: DP World)

DP World Acquires Fraser Surrey Docks

DP World, one of the world's largest port operators, said on Thursday it has agreed to buy Canadian marine terminal Fraser Surrey Docks from a Macquarie Group fund.The purchase consideration is below 2.5 percent of DP World's net asset value as of December 31, 2018, the port operator said, which Reuters calculated to be under $300 million.The marine terminal, is being acquired through Canadian subsidiary DP World Canada Investment Inc, which is 45 percent owned by Caisse de dépot et placement du Québec (CDPQ).The deal is expected to close in the first half of 2019, DP World said.

Pic: LBCT

OOIL Sells Long Beach Terminal for $1.8bln

Hong Kong-based Orient Overseas International Ltd. (OOIL) said that it will sell Long Beach Container Terminal (LBCT) to a consortium led by Australia’s Macquarie Group for $1.78 billion.OOIL, which is majority-owned by Cosco Shipping Holdings, was the terminal operator under a lease agreement with the port. It has entered into a Sale and Purchase Agreement to sell 100% of LBCT  to the consortium led by Macquarie Infrastructure Partners (MIP). LBCT LLC operates the container terminal in the Port of Long Beach…

(Photo: WICET)

Aurizon in Talks to Buy Debt-saddled Coal Port

Australian coal rail operator Aurizon Holdings said on Monday it was in talks to buy the Wiggins Island Coal Export Terminal (WICET), which urgently needs to restructure $3 billion in debt. A purchase would mark a change in strategy under new Chief Executive Andrew Harding for Australia's largest rail freight operator, which runs nearly 2,700 kms (1,680 miles) of rail lines transporting millions of tonnes of coal a year. A successful deal would also be a relief for mining giant…

From the left: Jeff Gościniak, CEO Maersk Line Polska, Christian Pederson, Eivind Kolding, CEO Maersk Line, Peter Hildebrandt, AE10 String Manager, Maersk Line, Boris Wenzel, CEO DCT Gdansk, Lord MacDonald, Chairman Macquarie Europe, Lech Walesa, former President of Poland, Jedrzej Mierzewski, COO DCT Gdansk, Pawel Adamowicz, President of the City of Gdansk.

DCT Gdansk Triggers New Ambitions For Poland

DCT Gdansk and Maersk Line have made a major step forward for the marine industry in Poland with the first regular E class vessels call to the Baltic Sea. In January 2010, Maersk and DCT started a revolution in the Baltic Sea by establishing a regular connection between the Far East and Gdansk served by 8,000 TEU vessels. With the upgrade to 15,500 TEU vessels - the largest in the world – the Baltic revolution is now in full swing. The maiden call of mv Maersk Elba gave cause for a two-day event during which many VIPs congratulated Maersk and DCT.