A fund backed by trading giant Vitol Group agreed to buy Vivo Energy in a deal valuing the Africa-focused fuel retailer at about $2.3 billion. The transaction will bring Vivo assets back in the house for the oil trader...
Energy
Sval Energi nears deal to buy Spirit Energy’s Norwegian business -sources
Private equity-backed Norwegian energy company Sval Energi is nearing an agreement to acquire Spirit Energy’s oil and gas operations in the country for around $400 million, industry and banking sources said. Sval...
RWE has reached deal to sell parts of solar plant builder Belectric
RWE, Germany’s largest power producer, has reached a deal to sell parts of solar-plant builder Belectric, it said on Friday. “We can confirm that there is a transaction in relation to the divestment of parts...
Energy storage firm GES buys Rotterdam assets from Gunvor
Global Energy Storage, a new company that aims to store products such as hydrogen and biofuels, said on Thursday it is buying assets in Rotterdam from commodities firm Gunvor Group and will redevelop 20 hectares (49...
Activist fund Oasis protests Eneos, Goldman takeover of roadbuilder Nippo
Eneos Holdings’ bid to take its subsidiary, roadbuilder and property developer Nippo Corp, private with Goldman Sachs is meeting opposition from activist fund manager Oasis Management, which says the offer price is too...
Equatorial Energia to buy renewables firm Echoenergia
Brazil’s Equatorial Energia SA said on Thursday it has agreed to buy Echoenergia in a deal that a person familiar with the matter said valued the renewable energy firm and its debts close to 10 billion reais ($1.8...
Portugal’s EDP in talks to buy majority stake in Sunseap – sources
Energias de Portugal is in advanced talks to buy a majority stake in Sunseap Group in a deal that will value the Southeast Asian renewables company at around S$1 billion ($742 million) and involve substantial...
Inox Wind arm inks pact to divest stake in six firms
Inox Wind on Monday said its arm Inox Wind Infrastructure Services Ltd (IWISL) has inked a share purchase agreement to sell its entire equity stake in six firms to wholly-owned subsidiary Resco Global Wind Services. The...
Origin Energy to sell stake in APLNG project for $1.58 billion
Origin Energy Ltd agreed to sell a stake of 10% in the Australia Pacific LNG project for A$2.12 billion ($1.58 billion) to investor EIG Partners, in the world’s first deal involving private equity in an operating...
Siemens inks pact to acquire 26 pc equity in Sunsole Renewables
Siemens Ltd said it has inked an agreement for subscription of 26 per cent paid-up equity share capital of Sunsole Renewables for Rs 1.6 crore. In a regulatory filing the company said that in its continuing efforts to...
Greece’s Public Power agrees grid operator stake sale to Macquarie
Public Power Corp. (PPC), Greece’s biggest power utility, has agreed to sell a minority stake in the country’s sole power grid operator HEDNO to Macquarie Asset Management, PPC and Macquarie said on...
Australia’s Senex gets $605 mln takeover offer from POSCO International, seeks more
Australian coal seam gas producer Senex Energy Ltd said it had received a $605 million takeover proposal from POSCO International Corp and was opening up its books to the South Korean trader with the aim of gaining a...
