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Morgan Stanley Infrastructure Partners Enters Into Agreement to Acquire Majority Stake in Nicollin Environnement

NEW YORK–(BUSINESS WIRE)–
Morgan Stanley Investment Management (MSIM), through investment funds managed by Morgan Stanley Infrastructure Partners (MSIP), its private infrastructure investment platform, today announced it has entered into exclusivity and committed to complete the acquisition of a majority stake in Nicollin Environnement (Nicollin or the Company), a family-owned French environmental platform focused on waste collection and sorting, urban street cleaning and water-related solutions. The Nicollin family will remain invested alongside MSIP and will continue to support the Company’s next phase of growth.

Founded in 1945 and led by the Nicollin family for more than three generations, the Company is one of France’s leading independent environmental platforms. Nicollin provides these essential environmental solutions to municipalities and businesses across France, operating through a national network of local centers. Nicollin manages approximately 360 public contracts and 8,000 private clients, supported by approximately 4,800 employees, a fleet of 2,900 vehicles, and a portfolio of strategically located, mission critical real property, including depots, transfer stations and sorting facilities.

“After more than 80 years of family ownership, we are proud to begin this next chapter with Morgan Stanley Infrastructure Partners, a partner that shares our vision for the future of Nicollin. Together, we will continue investing in growth, innovation and the environmental transition while preserving the values and culture that have shaped our company for three generations. By retaining an ownership stake, our family remains committed to supporting Nicollin and its teams for the long term,” said Olivier Nicollin and Laurent Nicollin.

MSIP will support Nicollin’s continued development, working alongside the Nicollin family and management team to advance operational excellence, renew and decarbonize the fleet, and strengthen its offerings to municipalities and corporate customers.

“We are thrilled at the prospect to partner with the Nicollin Family and management team through this strategic investment, which will support the next phase of the Company’s growth,” said Alfonso Gómez-Acebo, Managing Director at Morgan Stanley Infrastructure Partners. “Nicollin provides essential environmental solutions across France, supported by long-standing local relationships and a strong reputation for execution quality. We look forward to supporting the Company as it continues to invest in its people, fleet and infrastructure.”

“Nicollin is a strong fit with MSIP’s European infrastructure strategy, combining essential municipal solutions, resilient contractual revenues and clear opportunities to support the circular economy,” said Alberto Donzelli, Co-Head of Europe for Morgan Stanley Infrastructure Partners.

The transaction is expected to close in the fourth quarter of 2026 upon completion of the mandatory information and consultation procedures with employee representative bodies and customary regulatory approvals.

Paul Hastings served as legal counsel to MSIP, with Natixis Partners serving as financial advisor. Clifford Chance served as legal counsel to the Nicollin family, with Rothschild & Co serving as financial advisor.

About Nicollin Environment

Founded in 1945, Nicollin Environnement is today the leading independent, family-owned French group in the environmental services sector.

For more than 80 years, the Group has grown around the values at the heart of its identity: people, close ties with the local communities it serves, and pride in a job well done.

Present across France, Nicollin Environnement supports municipalities and businesses in waste management, urban cleaning, and water and sanitation services.

With more than 4,800 employees, the Group is organized around two complementary divisions: the Environment division (waste management and urban cleaning) and the Water division (water management and sanitation).

For further information about Nicollin Environnement, please visit www.groupenicollin.com.

About Morgan StanleyInfrastructure Partners

Morgan Stanley Infrastructure Partners (MSIP) is a leading global private infrastructure investment platform with approximately $17 billion in capital commitments since inception. Founded in 2006, MSIP has invested in a diverse portfolio across transportation, digital, energy transition, and water and waste. MSIP targets assets that provide essential public goods and services with the potential for value creation through active ownership. For further information about Morgan Stanley Infrastructure Partners, please visit Morgan Stanley Infrastructure Partners.

About Morgan Stanley Investment Management

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,300 investment professionals around the world and $1.9 trillion in assets under management or supervision as of March 31, 2026. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.

About Morgan Stanley

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260709318138/en/

Media Relations

Alyson Barnes: [email protected]

KEYWORDS: New York Europe United States North America France

INDUSTRY KEYWORDS: Finance Environment Recycling Professional Services Asset Management

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Posted on July 10, 2026 2:14 am

Yimutian Inc. Receives Positive Nasdaq Listing Determination

BEIJING, July 10, 2026 (GLOBE NEWSWIRE) — Yimutian Inc. (Nasdaq: YMT) (“Yimutian” or the “Company”), a leading agricultural digital service company in China, today announced that, following a hearing before the Nasdaq Hearings Panel (the “Panel”), on July 8, 2026, the Company received the Panel’s formal decision granting the Company’s request to transfer its listing from The Nasdaq Global Market tier to The Nasdaq Capital Market tier, pursuant to an exception to evidence compliance with the US$1.00 bid price and US$2.5 million stockholders’ equity requirements for continued listing on The Nasdaq Capital Market by September 29, 2026 and September 30, 2026, respectively.

The Company intends to take all necessary steps to timely satisfy the conditions set forth in the Panel decision and to evidence compliance with all applicable Nasdaq listing criteria as soon as practicable.

About Yimutian Inc.

Yimutian Inc. is a leading agricultural B2B platform in mainland China. Over a decade, the company has been dedicated to digitalizing China’s agricultural product supply chain infrastructure to streamline the agricultural product transaction process, and making it efficient, transparent, secure, and convenient.

For more information, please visit https://ir.ymt.com/.

Forward-Looking Statements

This press release contains forward-looking statements. These statements are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, these forward-looking statements can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

For investor inquiries, please contact:

Email: [email protected]

Phone: +86 1057086561

For media inquiries, please contact:

Email: [email protected] 

Posted on July 10, 2026 2:02 am

BW LPG Limited Announces Sale of BW Elm

BW LPG Limited Announces Sale of BW Elm

SINGAPORE–(BUSINESS WIRE)–
BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code: “BWLP”) is pleased to announce that its 52%-owned subsidiary, BW LPG India, has entered into an agreement to sell the 2007-built BW Elm for continued trading.

On a 100% basis, the sale of BW Elm is expected to generate a net book gain of approximately US$36 million and net cash proceeds of around US$64 million. The vessel is scheduled for delivery to the buyer by mid-August.

Kristian Sørensen, CEO of BW LPG, says “By selling the BW Elm we continue capitalising on strong second-hand values for older vessels, selling a 2007-built asset at a level equivalent to a newbuilding price of about US$248 million. This reflects the strength and agility of our commercial platform and its ability to create value through opportunistic asset play as we are divesting older ships while investing in new tonnage”.

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, with a fleet of about 50 Very Large Gas Carriers (VLGCs), including over 20 vessels powered by LPG dual-fuel propulsion technology. Building on over five decades of LPG shipping experience, the company is strengthened by an in-house LPG trading division and the commercial expertise to explore investments in value chain assets. Together, these capabilities enable BW LPG to provide trusted and reliable services for sourcing and delivering LPG to customers worldwide. Delivering energy for a better world – more information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group, a leading global energy and maritime company involved in shipping, deepwater oil & gas production, renewable energy and digital infrastructure. BW controls a fleet of over 400 vessels transporting oil, gas and dry commodities. In the infrastructure space, the group operates in wind, batteries, water, subsea cable networks and data centres. www.bw-group.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20260709245991/en/

For further information, please contact:

Kristian Sørensen, CEO

Samantha Xu, CFO

[email protected]

KEYWORDS: Singapore Southeast Asia Asia Pacific

INDUSTRY KEYWORDS: Maritime Energy Transport Oil/Gas

MEDIA:

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Australian Firms Shift Cybersecurity Focus to Resilience

Organizations seek partners with local capabilities, including AI risk management and regulatory readiness, ISG Provider Lens^® report says

SYDNEY–(BUSINESS WIRE)–
Enterprises in Australia are shifting cybersecurity strategies toward integrated, practical approaches that address evolving business risks and support safe, responsible AI adoption, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm.

The 2026 ISG Provider Lens^® Cybersecurity — Services and Solutions report for Australia finds that enterprises are placing greater importance on cybersecurity capabilities delivered within Australia as they respond to rising regulatory expectations, expanding AI risks and increasingly complex threat environments. Organizations are seeking partners that can strengthen long-term resilience across cloud environments, identity infrastructure and critical infrastructure.

“Australian enterprises increasingly expect cybersecurity partners to combine proven local delivery with practical capabilities to address evolving regulatory expectations,” said Michael Gale, partner and regional leader, ISG Asia Pacific. “Organizations are placing greater value on providers that understand Australia’s operating environment and can support critical business functions close to home.”

Companies in Australia are adopting AI-enabled security capabilities to improve operational efficiency and strengthen security workflows. Organizations are using AI to enhance threat detection, accelerate prioritization and streamline case management while reducing pressure on security teams. They favor practical applications that strengthen day-to-day security operations rather than broad technology narratives.

Organizations are placing greater emphasis on managing the risks associated with expanding use of generative AI and agentic AI. As AI becomes embedded in business processes, enterprises are reinforcing data protection, access controls and oversight to address legal, operational and reputational risks. They increasingly expect cybersecurity partners to support responsible AI adoption alongside stronger security practices.

Regulatory requirements continue to reshape enterprise cybersecurity priorities across Australia. Organizations involved in critical infrastructure, financial services, healthcare, telecommunications and government are increasing investments in incident response, recovery planning and third-party risk management. Consolidation of overlapping technologies is simplifying security operations and increasing visibility across organizations. Enterprises expect integrated delivery models to connect strategic planning with day-to-day operations, ISG says.

“Australian companies are becoming much more disciplined in how they evaluate cybersecurity partners,” said Andrew Milroy, lead author of the report. “Providers that combine practical AI expertise with strong execution and sector knowledge are best positioned to meet enterprise expectations.”

The report also explores other trends in Australia’s cybersecurity market, including the growing use of threat-led assessments and tabletop exercises to strengthen preparedness and increasing enterprise interest in commercial models that deliver greater flexibility and faster time to value.

For more insights into the cybersecurity challenges faced by enterprises in Australia, along with ISG’s advice for overcoming them, see the ISG Provider Lens Focal Points briefing here.

The report evaluates the capabilities of 36 providers across three quadrants: Strategic Security Services, Technical Security Services and Next-Gen SOC/MDR Services.

It names Accenture, Deloitte, DXC Technology, EY, Fujitsu, HCLTech, IBM, NTT DATA, TCS, Thales and Wipro as Leaders in all three quadrants. Infosys and PwC are named as Leaders in two quadrants each, and KPMG, Tech Mahindra and Telstra are named as Leaders in one quadrant each.

In addition, Brennan is named as a Rising Star — a company with a “promising portfolio” and “high future potential” by ISG’s definition — in two quadrants. Datacom is named as a Rising Star in one quadrant.

In the area of customer experience, EY is named the global ISG CX Star Performer for 2026 among cybersecurity service and solution providers. EY earned the highest customer satisfaction scores in ISG’s Voice of the Customer survey, which is part of the ISG Star of Excellence™ program, the premier quality recognition for the technology and business services industry.

The 2026 ISG Provider Lens Cybersecurity — Services and Solutions report for Australia is available to subscribers or for one-time purchase on this webpage.

About ISG

ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world’s top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data and research, in-depth knowledge and governance of provider ecosystems, and the expertise of its 1,500 professionals worldwide working together to help clients maximize the value of their technology investments.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260709773789/en/

Press Contacts:

Laura Hupprich, ISG

+1 203-517-3132

[email protected]

Erik Arvidson, Matter Communications for ISG

+1 978-518-4542

[email protected]

KEYWORDS: Australia/Oceania Australia Asia Pacific

INDUSTRY KEYWORDS: Technology Consulting Security Professional Services Software Internet Electronic Design Automation Data Management Artificial Intelligence

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Public Storage Prices Public Offering of $900 Million of Senior Notes at an Effective Interest Rate of 4.855% to Fund the Acquisition of National Storage Affiliates Trust

FRISCO, Texas–(BUSINESS WIRE)–
Public Storage (NYSE:PSA, the “Company”) announced today that the Company’s subsidiary, Public Storage Operating Company (“PSOC”), has priced a public offering of $900 million aggregate principal amount of fixed-rate senior notes (the “Notes”). The Notes will be guaranteed by the Company.

The Notes will be issued in two tranches with a weighted average effective interest rate of 4.855%, inclusive of the impact of the interest rate swaps noted below. The first tranche of $400 million aggregate principal amount of fixed-rate senior notes due 2032 will bear interest at an annual rate of 4.700%, will be issued at 99.283% of par value and will mature on February 1, 2032 (the “2032 Notes”). The second tranche of $500 million aggregate principal amount of fixed-rate senior notes due 2036 will bear interest at an annual rate of 5.150%, will be issued at 98.553% of par value and will mature on August 15, 2036 (the “2036 Notes”). Including the impact of prior interest rate swaps, the effective interest rate of the 2036 Notes will be 4.979%. PSOC will pay interest on the 2032 Notes semi-annually on February 1 and August 1 of each year, commencing February 1, 2027, and will pay interest on the 2036 Notes semi-annually on February 15 and August 15 of each year, commencing February 15, 2027.

The offering is expected to close on July 20, 2026, subject to the satisfaction of customary closing conditions. PSOC expects to use the net proceeds to finance, in part, the Company’s pending acquisition of National Storage Affiliates Trust (“NSA”), which may include the payment of related fees and expenses, and for general corporate purposes, including to make investments in self-storage facilities (such as acquisitions of facilities or interests in entities that own facilities, development, and mortgage loans secured by facilities), the repayment of debt and the redemption of outstanding securities.

The sale of Notes in this offering is not contingent upon the completion of the NSA acquisition, which, if completed, is expected to occur soon after the closing of this offering. However, in the event that the NSA acquisition is not consummated, we will be required to redeem the Notes then outstanding at a redemption price equal to 101% of the principal amount of the Notes being redeemed plus accrued and unpaid interest.

Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC acted as joint book-running managers of the offering. This announcement shall not constitute an offer to sell or a solicitation of an offer to buy these securities nor shall there be any offer or sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. The offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”) and only by means of a prospectus and prospectus supplement. Investors may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus and prospectus supplement may be obtained by contacting Goldman Sachs & Co. LLC toll-free at 1-866-471-2526 or Wells Fargo Securities, LLC toll-free at 1-800-645-3751.

About Public Storage

Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At March 31, 2026, the Company: (i) owned and/or operated 3,546 self-storage facilities located in 40 states with approximately 259 million net rentable square feet in the United States and (ii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 333 self-storage facilities located in seven Western European countries with approximately 19 million net rentable square feet operated under the Shurgard® brand. Public Storage is headquartered in Frisco, Texas.

Forward-Looking Statements

When used within this press release, the words “expects,” “believes,” “anticipates,” “plans,” “would,” “should,” “may,” “estimates” and similar expressions are intended to identify “forward-looking statements,” including but not limited to, statements about the completion and timing of the proposed offering of securities by the Company, the intended use of net proceeds of such offering, and the consummation of the NSA acquisition. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results to be materially different from those expressed or implied in the forward-looking statements. Such factors include market conditions and the demand for the Company’s securities and risks detailed in the Company’s prospectus and prospectus supplement filed with the SEC in connection with this offering and in the Company’s SEC reports, including quarterly reports on Form 10-Q, current reports on Form 8-K and annual reports on Form 10-K. We undertake no obligation to publicly update or revise forward-looking statements which may be made to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260709556390/en/

[email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Other Construction & Property Commercial Building & Real Estate Construction & Property REIT

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Continued Growth Underpins First Full Year Net Revenue of US$115M