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Norway’s wealth fund will not invest in Adani Green over corruption allegations
MINT· 2026-02-27 16:35
Norway’s sovereign wealth fund, the world’s largest managing assets over $2.2 trillion, has decided not to invest in Adani Green Energy Ltd, citing corruption and financial crime allegations against the company.The Government Pension Fund Global held 0.23% of Adani Green Energy as of 26 August 2025, worth $43.9 million at the time, when it last voted on the company's shareholder resolutions. Norges Bank, which manages the sovereign wealth fund, did not comment on whether it has divested its stake since.The ...
Australia's Qube Holdings' shares jump to record high on Macquarie-led $8.3 billion takeover deal
CNBC· 2026-02-16 00:15
Core Viewpoint - Qube Holdings has agreed to be acquired by a consortium led by Macquarie Asset Management for an enterprise value of approximately A$11.7 billion (US$8.26 billion) [1][2] Group 1: Acquisition Details - The acquisition offer represents a 27.8% premium over Qube's last closing price of A$4.07 on November 21, the day before the exclusivity announcement [2] - Qube's Chairman, John Bevan, stated that the offer reflects the company's strong position as a logistics provider in Australia and New Zealand, as well as its growth prospects [2] Group 2: Regulatory Approvals - The transaction is subject to regulatory approvals from several authorities, including Australia's Foreign Investment Review Board, the Australian Competition & Consumer Commission, New Zealand's Overseas Investment Office, and Papua New Guinea's competition regulator [3]