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...
Energy
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...
Seplat chairman says plans to buy Exxon’s local assets on track
Nigeria’s Seplat Energy is on track to buy Exxon Mobil’s offshore shallow water business in the country for $1.28 billion, Seplat’s chairman told Reuters on the sidelines of the CERAweek energy...
Australia’s AGL Energy rebuffs sweetened $4 bln bid from Brookfield-led team
Australia’s AGL Energy confirmed on Monday it rejected a sweetened A$5.4 billion ($4.0 billion) takeover proposal from tech billionaire Mike Cannon-Brookes and Canada’s Brookfield Asset Management, saying it...
Owners of Spanish gas grid Madrilena Red de Gas kick off strategic review -sources
The owners of Madrilena Red de Gas (MRG) have launched a strategic review that could lead to a lucrative deal for the Madrid-based gas grid provider, three sources with knowledge of the matter told Reuters. RBC Capital...
Pembina, KKR ink deals to boost western Canada gas infrastructure
Pembina Pipeline Corp and KKR & Co will merge their western Canadian gas processing assets in a joint venture that will also buy Energy Transfer LP’s holdings in the region, in deals worth C$11.4 billion ($8...
Chevron nears $3 bln deal to buy Renewable Energy Group – Bloomberg News
Chevron Corp is nearing a $3 billion deal to buy biodiesel maker Renewable Energy Group Inc, Bloomberg News reported on Friday, citing people familiar with the matter. Chevron could pay $61.50 per share in the deal...
Siemens Energy top-10 investor urges management to buy Siemens Gamesa
Siemens Energy should buy the rest of wind turbine maker Siemens Gamesa to accelerate a turnaround at the Spanish-listed firm, Deka, the second top-10 shareholder in as many weeks to call for the takeover, said on...
Australia’s AGL Energy spurns surprise $3.5 bln bid, stands by demerger plan
Australia’s top power producer AGL Energy Ltd on Monday rejected an unsolicited $3.54 billion takeover overture from tech billionaire Mike Cannon-Brookes and Canada’s Brookfield Asset Management, sticking to...
Iberdrola’s Neoenergia to sell stake in Brazil’s 2nd largest hydro plant
Brazilian power company Neoenergia SA has put up for sale its 10% stake in Norte Energia, which runs the hydroelectric power plant of Belo Monte in the Amazon region, it said late on Thursday. Belo Monte is...
