US KKR to acquire British power company Contour Global for $ 2.2 billion

US private equity (PE) giant KKR announced on the 17th that it will acquire British power company Contour Global for £ 1.75 billion ($ 2.16 billion). Aim to expand the field of renewable energy.

The purchase price is £ 2,636p per share, 36% above the closing price on the 16th.

Contour Global says it encourages shareholders to accept the takeover offer.

The company has 138 thermal and renewable energy power plants in Europe, Latin America, North America and Africa.

Russia raises the upper limit for individual overseas remittances

The Central Bank of Russia announced on the 16th that it will raise the maximum amount of foreign currency remittances from $ 10,000 to $ 50,000 per month for residents and non-residents of friendly countries.

For non-residents in unfriendly countries, foreign currency equivalent to the income earned from salary or service provision can be remitted abroad without opening an account. Until now, the monthly limit was $ 10,000.

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