Guangdong Feinan Resources Recycling Co Ltd301500
▲ PositiveDemandrelevance
Feinan won and signed a disposal agreement for ~21,000 tonnes of scrapped telecom equipment, a concrete new order expected to positively impact operations.
Impact on assets 1
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Guangdong Feinan Resources Recycling Co LtdTheme Impact 3
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United Statesimpact 4
GFL Environmental Jumps 4% as Two Private Equity Consortia Submit Takeover Bids
GFL Environmental rose 4% on a report that two private equity groups have made offers for the company. GFL's special committee is evaluating the takeover offers with its adviser, according to traders who cited a CTFN report circulating on Friday that cited a source familiar with the matter. One group consists of private equity firms KKR, Blackstone, and Energy Capital Partners, while the other group includes Brookfield Asset Management and IFM Investors. The bids likely need to be at the top end of the $50 to $55 a share range that CTFN previously reported to get across the finish line, and GFL has also received interest from strategic buyers for certain markets or regions. GFL CEO Patrick Dovigi told Bloomberg TV last month that he is open to taking the company private at a higher valuation than it currently trades at, saying no decision has been made, and GFL is set to report Q3 results on Oct. 28.
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Climate Adaptation & Water › Waste Management & Circular Economy Capital
GFL · Capital · Positive Two private equity consortia submitted takeover bids for GFL, with the special committee evaluating the offers.
BAM · Capital · Neutral Named as part of a consortium bidding for GFL, but no specific terms or outcome for Brookfield are given.
BX · Capital · Neutral Named as part of a private equity group bidding for GFL, with no deal terms or impact specific to Blackstone.
KKR · Capital · Neutral Named as part of a private equity consortium bidding for GFL, but no specific terms or outcome for KKR.
Energy Capital Partners · Capital · Neutral Named as part of a private equity group bidding for GFL, with no deal terms or impact specific to Energy Capital Partners.
IFM Investors · Capital · Neutral Named as part of a consortium bidding for GFL, but no specific terms or outcome for IFM Investors.
Thailand▲3
Better Group Partners with Seacon Square to Turn Mall Waste into Electricity, Cutting 2.4 Million Kilograms of Carbon
Better Group has joined forces with Seacon Square Srinakarin shopping centre on the "Seacon Zero Waste: From Waste to Energy, Building a Cleaner Future" project to convert waste from the mall into clean electrical energy. Better Group is responsible for handling non-recyclable end-of-line waste, feeding it into a process that turns it into refuse-derived fuel, or RDF, to supply a renewable energy power plant instead of going to landfill. Supawat Worawinit, an executive of Better Group, said the company is ready to apply its expertise to close the gaps in end-of-line waste management, and praised Seacon Square's vision in drawing cooperation from its shops and all sectors. The project reduces greenhouse gas emissions by more than 2.4 million kilograms of carbon dioxide equivalent, with qualifying activities certified under the Low Emission Support Scheme of the Thailand Greenhouse Gas Management Organization, a public organization. Certificates of honour will also be presented to more than 130 model shops.
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Climate Adaptation & Water › Waste Management & Circular Economy ▲Technology
Japan2
Ibaraki Governor Says No to Nuclear Waste Survey, Rules Out Hosting Final Disposal Site
Ibaraki Governor Kazuhiko Oigawa said at a regular press conference on the 2nd that he will not consent to moving to the second-stage preliminary survey in the process of selecting a final disposal site for high-level radioactive waste from nuclear power plants, so-called nuclear waste. He also ruled out accepting a final disposal site. On the final disposal issue, Hitachiomiya Mayor Sadayuki Suzuki in Ibaraki Prefecture stated on September 30 that the city would accept the first-stage literature survey. Proceeding to the preliminary survey requires the governor's consent as a precondition.
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Climate Adaptation & Water › Waste Management & Circular Economy Regulation