ENNA Solar, part of Croatia’s ENNA Group, has signed a share purchase agreement to acquire the company holding the Medgidia project in Romania’s Constanta County: 166 megawatts of solar capacity with 612 megawatt hours of battery storage on about 204 hectares. Construction is targeted for the first quarter of 2027 and commercial operation for the first quarter of 2028, with expected annual generation of about 265,932 megawatt hours. Completion needs Romanian foreign investment screening and competition approvals. ENNA’s earlier Romanian project, Mihailesti at 87.52 megawatts with 140 megawatt hours of storage, is at an advanced stage of construction.
ACORE Capital has closed its second opportunistic credit fund, ACORE Opportunistic Credit II, at 1.1 billion dollars of commitments, above its 1 billion dollar target and at more than four times the size of its 2020 predecessor. The US commercial real estate lender, which manages more than 17 billion dollars, has already committed 400 million dollars of the fund across 14 deals, and chief executive Warren de Haan pointed to significant dislocation and a basis reset across commercial real estate as the opportunity.
Kalshi has raised 1 billion dollars at a 40 billion dollar valuation as it expands beyond prediction markets, according to reports of the funding round on October 29. The raise values the regulated exchange’s event contract franchise at a level that assumes continued growth in political and economic contracts. Reporting is single origin wire coverage at this stage.
Perrigo has agreed to sell its infant formula business to MeridianMade for up to 175 million dollars, continuing the consumer health group’s portfolio simplification. Terms beyond the headline price were set out in the company’s announcement as reported on October 29.
In market infrastructure, Tether and Circle froze 2.38 billion dollars of crypto assets after Binance reported its security incident, according to Investing.com’s report of October 29. The freezes are the settlement layer’s response to the breach; the main hack story runs on the technology beat.
Mexico’s richest man, Carlos Slim, sold 1.15 billion dollars of oil stocks, OilPrice reported, a portfolio move by the region’s most watched family office investor rather than an operating divestment.
The UK Competition and Markets Authority has opened a merger inquiry into the Peoplesafe and SoloProtect combination, the lone worker safety technology deal, with the case page published on October 29.
Dangote has hired a Spanish firm for its 4 billion dollar fertiliser project in Ethiopia, allAfrica reported, keeping the group’s cross border industrial buildout moving while its Nigerian refinery listing programme continues.