In what may rank among the largest green energy deals in India, private equity firm Actis Llp has started the sale process of its renewable energy platform in India—Sprng Energy—and will be shortly appointing a banker...
CBC consortium buys S.Korean botox maker Hugel stake for $1.5 billion
A consortium led by healthcare-dedicated investment firm CBC Group agreed to acquire a 47% stake in South Korea’s top botox maker Hugel Inc from Bain Capital for 1.7 trillion won ($1.5 billion), GS Holdings and Hugel...
Adani Total Gas acquires gas meter manufacturing company
Adani Total Gas Ltd – the city gas joint venture of Adani Group and TotalEnergies of France – has acquired 50 per cent stake in a company that manufactures gas meters to aid its gas retailing business. The...
Australia’s Ampol bids $1.3 billion for NZ fuel supplier Z Energy
Australia’s top fuel supplier Ampol Ltd made a NZ$1.97 billion ($1.34 billion) takeover bid for New Zealand peer Z Energy, valuing it at a 24% premium to its last closing price, the companies said on Monday. Z Energy...
Mytrah Energy mulls selling assets in parts after multiple failed attempts to sell entire portfolio together
Hyderabad-based Mytrah Energy is considering selling its clean energy assets in parts, after multiple failed attempts to sell the entire portfolio together, people aware of the development said. It is believed to have...
NTPC prepares mega share sales of two clean energy subsidiaries
State-run NTPC Ltd has started the groundwork to hold initial share sales of its units NTPC Vidyut Vyapar Nigam Ltd (NVVN) and NTPC Renewable Energy Ltd (NTPC REL), with merchant bankers making preliminary...
Warburg Pincus sells its stake in Cleanmax to US company for Rs 1,650 crore
Global private equity fund Warburg Pincus has sold its stake in rooftop solar power producer Cleanmax Enviro Energy to Augment Infrastructure, a US investment firm. The deal, a mix of both primary and secondary capital...
Gas producer BKV Corp to buy Texas power plant for $430 mln
U.S. shale producer BKV Corp is acquiring a Texas power generator for $430 million in a move that leverages its gas production to generate electricity, the company told Reuters. The deal comes as Texas tries to...
Reliance Industries, Bill Gates, others invest $144 million in US energy storage company Ambri Inc
Reliance Industries, along with other strategic investors like Paulson & Co Inc and tech mogul Bill Gates, has invested $ 144 million in US-based energy storage company Ambri Inc, the former announced late Monday in...
Papua New Guinea premier sees value in Santos-Oil Search merger
Papua New Guinea Prime Minister James Marape said on Thursday Australian firm Santos Ltd’s potential A$8.4 billion ($6.2 billion) takeover of local company Oil Search could produce high value for the country but...
Enel agrees to buy hydro assets from Italy’s ERG in 1 billion euro deal
Enel said it has agreed to buy hydroelectric assets from Italian renewable energy group ERG in a deal worth one billion euros ($1.19 billion). Enel’s statement confirmed what sources told Reuters earlier on Monday...
Engie to whittle down majority stake in gas network – sources
French energy group Engie is poised to sell part of its majority stake in gas network group GRTgaz to CNP Assurances and Caisse des depots, two state-backed bodies which will increase their holdings, two sources close...
