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Spanish gas groups face up to 22% cut in regulatory review

The proposed cuts, to be imposed from 2021, are 'harsher than what we were expecting', according to ratings agency S&P.
Lisbon, Portugal

UBS AM makes first foray into Portugal, fully deploying AIIF II

The manager is following its $644m second equity fund with a third vehicle, said to be targeting about $1bn.

Downing plots up to 15 investments after $158m close on flexible power fund

The Downing Flexible Generation Fund is the investment manager’s first institutional vehicle for infrastructure and is focused on the UK market.

Ofgem settles on 4% returns, ‘undermining’ gas and network companies

The UK energy regulator believes the decision represents ‘a better balance of risk and return’, despite industry consternation.

Australia rejects CKI’s APA takeover bid

Treasurer Josh Frydenberg confirmed his ‘final decision’ that the takeover would be ‘contrary to the national interest’.

European Court of Justice delivers ‘very damaging’ verdict for UK storage projects

The nation’s capacity market auctions have been ruled illegal state aid, throwing several gas and battery storage projects into doubt.

Australia set to block China’s CK Infra from APA Group takeover

Treasurer Josh Frydenberg said the move should not be seen as an ‘adverse reflection’ on CK Group and that Australia still welcomes foreign investment that is not ‘contrary to our national interest’.

CK Infra clears first hurdle for APA Group bid

The deal would see CKI sell a number of APA’s assets in Western Australia but is still subject to Foreign Investment Review Board approval.

Second time’s a charm for First State in €189m Swedegas deal

The group, which was an underbidder in EQT’s 2015 sale, has now succeeded in acquiring the transmission system operator, its second Swedish gas investment since March.

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