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A fire has broken out at an oil refinery in Russias Bashkortostan and firefighting is underway, with the production site suffering minor damage, the regional governor said.British retailer Sainsburys confirmed it is in discussions to sell its Argos subsidiary to JD.com (JD.O).The Cyberspace Administration of China is soliciting public opinions on the "Regulations on Promoting and Standardizing the Application of Electronic Documents (Draft for Comments)".On September 13th, Trump released a letter to all NATO nations and the world. He stated, "I am ready to impose significant sanctions on Russia when all NATO nations agree and begin taking the same actions, and all NATO nations stop buying Russian oil." As you know, NATOs commitment to "winning this war" is far from 100%, yet some countries are still buying Russian oil, which is truly shocking! This significantly weakens their negotiating position and leverage with Russia. This is not Trumps war (if I were president, this war would never have happened!), but Biden and Zelenskys war. My sole purpose is to help end this war and save tens of thousands of Russian and Ukrainian lives. If NATO does what I say, this war will end quickly, and all these lives will be saved!On September 13, Russian Permanent Representative to the United Nations Vasily Nebenzya revealed on the 12th that Poland acknowledged that a drone that recently entered Polish airspace may have originated from Ukrainian territory, stating that it was no secret that Ukraine "has been attempting to expand the geographical scope of the Russia-Ukraine conflict." This statement further complicates the Polish version of the Russian drones entry into Polish airspace. Several European and American experts, scholars, and politicians speculated that there may be a hidden story behind this incident.

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.