Australia’s IGO Ltd said on Tuesday that nickel producer Western Areas’ board of directors plan to terminate a A$1.10 billion ($829.29 million) acquisition deal by the nickel and lithium miner. Shares of...
Brazil’s Vale in advanced talks to sell Center-West system
Brazilian miner Vale SA said it is in advanced talks to sell the companies that compose its Center-West system. The companies, which produce iron ore and manganese ore, accounted for $110 million in adjusted EBITDA in...
UK’s National Grid to sell 60% stake in gas unit to Macquarie, BCI
Britain’s National Grid said on Sunday it would sell a 60% stake in its British gas transmission and metering business to Australia’s Macquarie Asset Management and British Columbia Investment Management...
Torrent Power acquires 50 MW Solar Power Plant from Lightsource bp and UKCI for Rs 300 crore
Torrent Power Limited has acquired 100% stake in Lightsource Renewable Energy (India) Limited for Rs 300 crore. Lightsource Renewable operates a 50 MW solar power plant in the state of Maharashtra. It has a long-term...
Brazil’s Eneva, PetroReconcavo, 3R bid for Petrobras onshore fields, sources say
Brazilian energy companies Eneva SA, PetroReconcavo SA and 3R Petroleum Oleo e Gas are among companies that submitted binding offers on Tuesday for a cluster of onshore oilfields owned by state-run Petrobras, three...
SSE completes sale of stake in Scotia Gas Networks
British energy supplier SSE said on Tuesday it has completed the sale of its 33.3% stake in gas distribution operator Scotia Gas Networks Ltd (SGN) to a consortium for nearly 1.29 billion pounds ($1.70 billion). SGN is...
RIL arm to buy battery company Lithium Werks for Rs 468.2 crore
Reliance New Energy Limited (RNEL), a wholly-owned renewable energy subsidiary of Reliance Industries Ltd (RIL), has signed a definitive agreement to acquire all assets of the Netherlands-headquartered Lithium Werks BV...
Petrobras and EIG near deal for Bolivia-Brazil gas pipeline -sources
State-run Brazilian oil company Petrobras is close to reaching an agreement to sell to U.S. private equity firm EIG Energy Partners control of a natural gas pipeline that connects Bolivia and southern Brazil, three...
Brookfield eyes significant stake in Mahindra Susten assets
Canada’s Brookfield Asset Management Inc. is looking to buy a substantial stake in Mahindra Susten, two people aware of the development said. Avendus Capital is running the sales process for the potential deal with an...
Australia’s Ampol makes space for Z Energy with sale of Gull NZ unit
Australia’s top fuel supplier Ampol Ltd on Monday said it will sell its New Zealand-based petroleum distribution business Gull in a bid to ease competition concerns as it awaits completion of its NZ$1.97 billion...
Airtel acquires 9% stake in Avaada Clean for Rs 7.8 crore
Bharti Airtel has acquired around a 9 per cent stake in renewable energy firm Avaada Clean TN Project for about Rs 7.88 crore in an all-cash deal, according to a regulatory filing. Bharti Airtel acquired a stake in...
Eni and Livestream to raise $230 mln in green SPAC listing in London
Eni and Livestream LLC plan to float their New Energy One Acquisition (NEOA) Corporation on the London Stock Exchange to raise up to 175 million pounds ($230 million) to invest in energy transition, the Italian oil...
