Industry players and pension funds are among the suitors eyeing a stake of 50-60% in BlackRock-backed Australian battery developer Akaysha Energy Pty Ltd ., according to people with knowledge of the matter. Akaysha would also consider a total acquisition, the people said. Macquarie Capital , mandated to court suitors for the company, has opened a data room and indicative bids are expected in July,...
Industry players and pension funds are among the suitors eyeing a stake of 50-60% in BlackRock-backed Australian battery developer Akaysha Energy Pty Ltd ., according to people with knowledge of the matter. Akaysha would also consider a total acquisition, the people said. Macquarie Capital , mandated to court suitors for the company, has opened a data room and indicative bids are expected in July, the sources said, asking not to be named as the information is not public. Akaysha — a BlackRock Inc . portfolio company that develops and owns large-scale battery storage — has been considering options to raise funds for several months, including a stake sale. As part of a process codenamed “Project Ironbark,” the company has touted its position in Australia as a draw for investors, given the country’s leading position in large-scale batteries, according to a presentation seen by Bloomberg. Akaysha also pointed to growth opportunities in the US, Japan and Germany. The sources did not provide a valuation for the company, but peers include US-listed Fluence Energy and Brookfield Asset Management-backed French renewable developer Neoen SA . Akaysha is expected to record earnings before interest, tax, depreciation and amortization of over A$600 million ($428 million) by 2029, the people said. Akaysha declined to comment when contacted. Batteries trade volatility by charging up when electricity is cheap — often during solar-heavy periods in the middle of the day — then selling power back to the grid when prices are higher during evening peak usage periods. That’s been a particular boon for operators like Akaysha in Australia, which has one of the world’s most volatile power markets. Akaysha has a portfolio of about 2 gigawatts across five batteries, with nearly 10 gigawatts in the pipeline, it said in the presentation. At least four of the projects will be at the final investment decision stage within the next 18 months, according to the presentation.
AlexSecret Long Table Growth ( LTGR ) priced its IPO of 15M units at $10 per unit, raising $150M. The units are expected to begin trading on the Nasdaq on June 4 under the ticker "LTGRU." Each unit consists of one Class A ordinary share and one-half of a redeemable warrant. Each whole warrant will be exercisable for one Class A share at $11.50 per share. Once the securities begin trading separatel...
AlexSecret Long Table Growth ( LTGR ) priced its IPO of 15M units at $10 per unit, raising $150M. The units are expected to begin trading on the Nasdaq on June 4 under the ticker "LTGRU." Each unit consists of one Class A ordinary share and one-half of a redeemable warrant. Each whole warrant will be exercisable for one Class A share at $11.50 per share. Once the securities begin trading separately, the shares and warrants are expected to trade under the symbols "LTGR" and "LTGRW," respectively. The underwriters have a 45-day option to purchase up to an additional 2.25M units to cover over-allotments. Long Table Growth is a special purpose acquisition company formed to pursue a merger or other business combination. The offering is expected to close on June 5. More on Long Table Growth Corp. Financial information for Long Table Growth Corp.
Anna Moneymaker/Getty Images News Finnish President Alexander Stubb has called for expanding the European Union, saying it should increase its membership to 40 states and even pitched the idea of Canada joining the bloc, CNBC reported. "We need to think big and geographically, we need to enlarge or at least create memberships that are flexible enough to bring in a sum total of 40 European states –...
Anna Moneymaker/Getty Images News Finnish President Alexander Stubb has called for expanding the European Union, saying it should increase its membership to 40 states and even pitched the idea of Canada joining the bloc, CNBC reported. "We need to think big and geographically, we need to enlarge or at least create memberships that are flexible enough to bring in a sum total of 40 European states – or even non-European," Stubb said while addressing the Eurelectric Power Summit on Wednesday. He went on to ask, "Wouldn't it be lovely if Canada was the 28th state of the EU rather than the 51st state of the United States?" The president then proposed bringing the UK back into the fold, or at least "as close as possible," and seriously consider including Turkey. "No one is talking about Turkey anymore, and we need to open our minds to understand that at least from a security perspective, Turkey needs to be as close as possible," Stubb noted. "Then you go to the south or southeast, we look at the Western Balkans… What do we do with Serbia, Kosovo, Albania, Montenegro, North Macedonia? What are we doing with Bosnia and Herzegovina?" he added. "Finally, the ones that are really close to my heart, if you go up north, is Iceland, which is holding a referendum, and then Norway." Stubb's statements come as the EU is pursuing its largest enlargement in a generation, with nine countries recognized as candidates to join the 27-nation bloc over the coming years. Montenegro and Albania are seen as frontrunners among the Western Balkans, while Ukraine and Moldova are set to begin formal membership talks. More on Europe, Canada EWC: Canada In Technical Recession, But Here's Why You Want To Buy (Rating Upgrade) IEUR: High Financials Sector Allocation A Plus As Interest Rates Rise Potential Iran De-Escalation Offers Upside For European Equities Canada’s economy: the parrot has croaked Norway to join France's nuclear deterrence initiative
Company doubles down on AI-driven threat detection, recovery, and resilience for the SMB market LONDON, UK / ACCESS Newswire / June 4, 2026 /CyberSentriq, the AI-native cybersecurity and data protection platform purpose-built for MSPs and SMBs, today ...
Company doubles down on AI-driven threat detection, recovery, and resilience for the SMB market LONDON, UK / ACCESS Newswire / June 4, 2026 /CyberSentriq, the AI-native cybersecurity and data protection platform purpose-built for MSPs and SMBs, today ...