Americold Realty Trust, EQT Close $1.3 Billion Cold Storage JV

MT newswire2026/08/31 21:16

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05:16 PM EDT, 08/31/2026 (MT Newswires) -- Americold Realty Trust (COLD) said on Monday it has closed its previously announced North American cold storage joint venture with EQT's Active Core Infrastructure fund, a portfolio of 12 warehouse facilities with a gross asset value of more than $1.3 billion. EQT holds a 70% interest in the venture, with Americold retaining 30% and serving as manager of the platform, the company said. Americold said it received approximately $1.1 billion in net cash proceeds from the transaction, which it plans to use to repay debt and reduce leverage.

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The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

华尔街见闻•2026/11/10 18:41