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Japans 20-year government bond yield fell 2.0 basis points to 2.490%.South Koreas central bank decided the interest rate at 2.5% on July 10, in line with expectations of 2.50% and the previous value of 2.50%.On July 10, an important panel in the U.S. Senate debated proposed digital asset regulation, with Republicans calling for a moderate approach and Democrats warning of potential loopholes and conflicts of interest. "Our job is to set clear, loose guardrails to protect investors, stop fraud, and allow responsible innovation to flourish," said Tim Scott, chairman of the Senate Banking Committee. He noted that legislation should clearly define which tokens are securities and ensure appropriate protection from illegal financing. Republican Senator Hagerty and others released market structure principles last month, calling for a clear definition of the legal status and regulatory agencies of digital assets. The plan is largely in line with the CLARITY Act proposed by the House Committee in June. Hagerty said he was not worried about losing bipartisan support for market structure legislation and predicted that Democrats who support stablecoin legislation would begin to act.Foreign investors bought Japanese government bonds worth -164.6 billion yen in the week ending July 4, with the previous value revised from 105.26 billion yen to 105.91 billion yen.Japan bought 512.7 billion yen of foreign stocks in the week ending July 4, compared with 190.6 billion yen in the previous period.

Actis, a British private equity firm, will buy 10% of Omega Energia in Brazil

Aria Thomas

Jun 28, 2022 11:29


Monday, Omega Energia announced that Actis LLP will acquire 10 percent of its capital stock for about 770 million Brazilian reals ($147 million).


According to a regulatory filing, Tarpon Investimentos, which has a controlling stake in Omega, offered call options to Actis to purchase shares at a price of 13.50 Brazilian reals per share.


Once Actis takes a 10% stake in the company, a new shareholders agreement will go into effect, including the British firm into Omega's controlling group.


Actis and Omega have also entered into an investment agreement that might require Actis to spend around 850 million Brazilian reals in Omega. Actis would acquire up to 16 reais per share of new Omega stock via a capital raise.


Omega said the capital increase might take place between October 1, 2022 and March 31, 2023.


Omega disclosed in the same filing that it had signed a letter of intent for a potential $500 million investment with an unidentified U.S. partner.


This financing would be utilized towards the development or acquisition of renewable energy projects in the United States.