Lenders to Videocon group’s energy business have extended the deadline for submitting the resolution plan till 30 September after it failed to receive any bids from potential applicants, according to two bankers aware...
Energy
Iraq and Total sign $27 bln energy projects deal
France’s Total will build four giant energy projects in southern Iraq under a $27 billion deal signed in Baghdad on Sunday, the country’s oil minister said. The company will start with an initial investment...
UK’s Octopus buys Dulacca wind farm in Australia from RES
UK renewables investment firm Octopus Group has bought a 180 megawatt wind farm project in Queensland, Australia from Britain’s RES, the companies said on Tuesday. They did not disclose the sale price for the Dulacca...
Reliance Industries eyes billion-dollar REC buy from ChemChina for solar push
Reliance Industries (RIL) is close to acquiring REC Group, the largest solar panel manufacturer in Europe, for $1-1.2 billion from China National Chemical Corp (ChemChina), said people aware of the matter. The purchase...
ReNew Power completes merger with US-based RMG II
ReNew Power Pvt Ltd (ReNew Power) on Tuesday said it has completed “business combination” with US-based RMG Acquisition Corporation II (RMG II). ReNew Power in February had announced merger with blank-check...
Actis starts sale process for Sprng Energy, to appoint i-banker shortly
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...
