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asset sale
Volvo Group wins bid for bankrupt Proterra battery assets
Swedish truck maker Volvo Group will pay $210 million for the battery-making and charging assets of bankrupt Proterra Inc.
Volvo Battery Solutions was selected as the winning bidder for the business and assets of Proterra Powered, one of two auctions for the electric bus, battery and energy company that filed for bankruptcy protection in August.
“We entered into the Chapter 11 process with a mission to maximize the potential of each of our product lines. Today, we have taken an important step...
https://www.freightwaves.com/news/volvo-group-wins-bid-for-bankrupt-proterra-battery-assets
Prologis confirms it’s selling UK’s ‘largest’ warehouse portfolio ever
Prologis Inc. (NYSE: PLD), the world’s leading logistics real estate investment trust (REIT) is reported to be selling 22 warehouses in the U.K. with initial guide prices totaling 435 million pounds (U.S. $536 million).
The Times report said the properties being sold were acquired as part of the company’s $13 billion acquisition of Liberty Property Trust and do not fit Prologis’ investment strategy.
In a statement to FreightWaves, Prologis’ Director of Corporate Communications Paul Frankle said,...
https://s29755.pcdn.co/news/prologis-confirms-its-selling-uks-largest-warehouse-portfolio-ever