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UK interest rate futures indicate that the Bank of England will cut interest rates by about 46 basis points by December, compared with expectations of a 50 basis point cut before the jobs data was released.According to The Times of Israel: The United States has expressed confidence that Israel will not strike Iran directly, but will instead focus on its proxies.The yield on UK 10-year government bonds opened up 3 basis points to 4.27%, the highest since November last year.Russian Federal Security Service: A Ukrainian agent has been detained after remotely detonating the car of a former employee of the Ukrainian Security Service in Moscow.The actual trading volume of COMEX gold futures shows that in the past hour, there was an imbalance between long and short orders here. Please refer to "Database-COMEX Gold Futures Actual Trading Volume" for details.

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.


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