The €238bn asset manager PGGM said it was disappointed about the rejection of its joint bid with Shell for the Dutch energy supplier Eneco.In a response, its spokesperson said it was “a real pity, as this kind of large investments in local energy transition were scarce”.Eneco’s stakeholders – 44 local councils, including Rotterdam and The Hague – decided to sell the company for €4.1bn to Mitsubishi and Chubu Electric Power.“In our opinion, we had made an attractive offer, both financially and for the firm’s sustainable future,” the spokesperson said. The acquisition would have enabled the asset manager to substantially invest in energy transition in the Netherlands.Rabobank had also been in the race in a partnership with private equity house KKR.Earlier this year, the €529bn Dutch asset manager APG declined to confirm it was interested in the acquisition of Eneco, after local daily De Telegraaf had reported that APG had teamed up with French energy firm Total or the Italian Enel.PGGM stated that losing the deal would not affect its sustainability goals, as it could in principle make acquisitions for its infrastructure fund all over Europe and North America.“But we will be actively looking for new possibilities in the Netherlands,” its spokesperson added.Following this, an investor pressure group aiming for a sustainable approach by fossil fuel companies – comprising asset managers Actiam, Aegon, Achmea, Van Lanschot Kempen, MN and NN IP – have been urging Shell to stick to the Paris Climate Agreement since 2016.Mark van Baal, founder of Follow This, a group of responsible shareholders in oil and gas companies, said that by losing the deal PGGM would be able to encourage Shell to step up its energy transition commitment through climate resolutions at Shell’s AGM.However, the PGGM spokesperson said the co-operation with Shell in the Eneco bid had strengthened the asset manager’s belief that the energy giant was already taking the right steps towards sustainability.
Fringe players on the Tipperary senior hurling squad will get their last chance to impress this afternoon, in what’s the sides final challenge game before the National League opener against Clare.Tipp take on Galway club champions Liam Mellows in Lorrha at 2 o’ clock.Selector Declan Fanning says it’s a chance for players o show development and improvement… Photo © Tipp FM
Asante Kotoko head coach, C.K. Akonnor, has pointed to the patience and belief of his players as the main ingredients in their 2-1 victory against Nkoranza Warriors in the NC Special Tier 2 competition Round of 16 match.The tie was played at the Baba Yara Stadium and it almost went pear-shaped for the Porcupine Warriors but a late goal from Augustine Sefa settled the match after Nii Adjei and Kwame Poku had scored for Kotoko and Warriors respectively.After the match, Akonnor spoke of the attributes his players showed on the day to get them the result.“They made it so difficult for us but we were patient. We kept the ball and we kept going. I liked the attitude of the players. Even at the time when things were not going well, we kept on going.It was left with three or four minutes on the clock but we scored the goal. I liked the belief and faith of the players that something would happen.”For their prize, Kotoko face Berekum Arsenals in the last 8 of the competition. In the tier 1 competition, they will take on Hearts of Oak for a place in the final of the competition.