Matthieu Favas
The proceeds are said to fall short of the amount needed by the London-listed company to repay its acquisition facility.
Lamido Sanusi, who last year became Emir of one Nigeria’s most influential Muslim authorities, will join the African-focused developer as chairman.
Undeterred by the oil and commodity slumps, sovereigns are seeking tie-ups to carve the best deals for themselves.
Undeterred by the oil and commodity slumps, sovereigns are seeking tie-ups to carve the best deals for themselves.
Sponsors of the £1bn scheme, in which Prudential and InfraRed are equity investors, are now waiting to see if it will be offered subsidies by the UK government.
The last section of the E18 will be built thanks to financing from the EIB, the Nordic Investment Bank and Pohjola Bank.
Deal scarcity and greater appetite for emerging markets is pushing sovereign investors worldwide to seek tie-ups with peers.
Wendy Norris, the Australian sovereign’s new head of infrastructure, continues to see a strong role for managers within the institution’s strategy.
The lender has helped Exeltium, a “virtual” power plant, secure a €1bn bank tranche and €435m from nine institutional investors.
The Yozgat Education and Research Hospital Project is set to become the first healthcare PPP to reach operations in the country upon opening in two years’ time.