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#Business Model/Strategy
stale
Added 2 years ago

Another deal being negotiated by MQG

--National Grid PLC's disposal of a 60% stake in its U.K. gas transmission business will be reviewed by the U.K. government amid increased concerns about energy security, the Financial Times reports.

--The sale to an international consortium led by Australia's Macquarie Group Ltd. is to be reviewed under the National Security and Investment Act, the FT says.

#Business Model/Strategy
stale
Added 2 years ago

Aug 7 (Reuters) - French waste and water management company Veolia Environnement SA is nearing a deal to sell Suez SA's UK waste business to Australia's Macquarie Group Ltd (MQG) for about 2.5 billion euros ($2.5 billion), Bloomberg News reported on Sunday.

The deal, aimed at resolving antitrust concerns, could be announced as soon as Monday, the report added, citing people familiar with the matter. ()

An investor group led by Meridiam SAS and Global Infrastructure Partners, which bought Suez's business in France and several other countries, has the right to make an offer for the Suez UK assets by matching the price Macquarie is offering, Bloomberg said.

Veolia said in June this year it was proposing to sell off its former rival, Suez's UK waste business, after Britain's Competition and Markets Authority (CMA) raised objections to the Veolia/Suez combination.

#Business Model/Strategy
stale
Added 3 years ago

Blockchain firm Blockstream Mining said it would partner with Australian financial conglomerate Macquarie Group (MQG.AX) to develop bitcoin mining facilities that use renewable energy.  Partnership would initially include mining hardware hosting, with the potential to scale in stages as green power infrastructure is deployed. The first project will be based in North America.

Is this why the shareprice has increased recently?  Setting up a crypto hosting/trading platform?