Global private equity majors and strategic infrastructure investors including Macquarie, Actis, Blackstone and Sembcorp are preparing to bid for a controlling stake in Welspun Group’s clean-energy arm, Welspun New...
Actis ‘Sprngs’ a surprise, enters race to re-acquire co from Shell
Actis LLP has unexpectedly entered the fray to buy Sprng Energy from Shell, seeking to re-acquire the clean energy platform it had set up and subsequently sold to the Anglo-Dutch energy major in 2022, said people with...
Devon, Coterra will merge to create $58 billion US shale giant
Oklahoma City-based Devon Energy and Houston’s Coterra Energy are merging in an all-stock deal to become a large-cap producer with a top position in the Permian Basin as shale operators consolidate to cut costs...
Aditya Birla Group among top 4 in Sprng Energy race
Aditya Birla Group has joined National Investment and Infrastructure Fund (NIIF), KKR and Sembcorp in the race to acquire renewable energy platform Sprng Energy from the UK-headquartered Shell, multiple people in the...
US shale producers Coterra, Devon in advanced talks to merge, source says
U.S. shale producers Coterra Energy and Devon Energy could announce an agreement to merge as soon as next week, a source familiar with the matter said on Thursday. A possible combination would rank among the largest...
Waaree enters grid infrastructure with ₹1,225 crore buy of 55% stake in Gujarat-based Associated Power Str
Waaree Renewable Technologies has agreed to acquire a 55% stake in Gujarat-based Associated Power Structures Ltd (APSL) for ₹1,225 crore, marking the Waaree Group’s entry into grid and transmission infrastructure, a key...
General Fusion to go public in US via $1 billion SPAC deal
Nuclear energy startup General Fusion said on Thursday it will go public in the U.S. in a deal of about $1 billion with blank-check company Spring Valley Acquisition Corp. III, as demand grows for cleaner power. The...
US uranium producer Energy Fuels to expand rare earths supply chain with ASM deal
U.S. uranium producer Energy Fuels has agreed to pay a large premium for Australian Strategic Materials (ASM), as the United States bolsters efforts to secure Western supply chains for rare earth elements. Energy Fuels...
US shale producers Devon Energy and Coterra Energy in merger talks, sources say
Devon Energy and Coterra Energy are exploring a potential merger, in a deal that could create one of the largest independent U.S. shale producers, three people familiar with the matter said. A possible combination...
The Gentari stake sale gets cracking. Will Actis, Macquarie and Sembcorp bid?
Global private equity firms Macquarie, Actis, Sembcorp and strategic investors such as Serentica Renewables and JSW Group are evaluating bidding for a 50% stake in Malaysian energy firm Gentari’s India business, three...
NIIF, KKR, Sembcorp vie to acquire Shell’s Sprng Energy in one of India’s biggest renewable M&A deals
India’s National Investment and Infrastructure Fund (NIIF), KKR and Sembcorp are locked in a tight race to acquire renewable energy supplier Sprng Energy from oil major Shell Plc, according to people in the know. Shell...
Inox Clean acquires 300 MW of SunSource green power portfolio in ₹1,000-cr deal
Initial public offering-bound Inox Clean Energy has signed a definitive agreement to acquire 300 MW of solar power portfolio of Dutch multinational SHV Energy-owned SunSource Energy for ₹1,000 crore ($111 million), said...
