Adani Green Energy Limited (AGEL), the renewable arm of the conglomerate group formally announced its outright acquisition of SB Energy early on Wednesday morning in a deal worth $3.5 billion (Rs. 24,000 crore), the...
Energy
Giga Energy to go public in up to $7 billion SPAC deal
Transportation solutions provider Giga Energy Inc is going public through a merger with blank-check company Yunhong International in a deal valued at up to $7.35 billion, the companies said on Monday. Giga Energy said...
Adani Green circles around SB Energy for a buyout after CPPIB drops off
Days after its deal with CPPIB collapsed, shareholders of SB Energy have approached Adani Group with a proposal to buy them out from their struggling renewable energy venture, said multiple people involved. Talks...
Spain’s Repsol to invest in U.S. renewable energy developer Hecate – sources
Repsol SA has struck a deal to buy a stake in Hecate Energy to give the Spanish energy company a platform to expand in the growing U.S. renewable energy market, three people familiar with the matter said. The exact size...
Dutch SHV Energy to invest Rs 1800 cr in SunSource Energy in 2 yrs
Netherlands-based conglomerate SHV Energy, part of one of the largest global private trading groups SHV Holdings, has marked its foray into solar energy space by the acquisition of a majority stake in Noida...
Rail shippers pick sides as CP, CN bid for Kansas City Southern
North America’s freight rail customers, from grain shippers to logistics companies, are choosing sides as Canadian Pacific Railway Ltd and Canadian National Railway fight to buy Kansas City Southern. A takeout of KCS...
Brazil’s IG4 bids $916 mln to become a top shareholder in Chilean miner SQM -sources
Brazilian private equity firm IG4 Capital has delivered a $916 million bid to buy into holding companies that have large stakes in Chilean lithium miner Sociedad Quimica y Minera de Chile, known as SQM, two sources with...
Facebook signs first deal to buy renewable energy in India
Facebook has signed a deal to buy renewable energy in India from a local firm’s wind power project, the social media giant’s first such deal in the South Asian nation, the companies said on Thursday. The 32...
Tatas call off renewable power deal with Petronas
After year-long negotiations, the Tatas have terminated their near $2- billion investment deal with Malaysian state-owned oil and gas company Petroliam Nasional Bhd (Petronas) in Tata Power’s proposed renewable energy...
Former Credit Suisse exec backed SPAC to take robotics firm Sarcos public
Sarcos Robotics Inc said on Tuesday it will go public through a merger with a blank-check firm backed by former Credit Suisse USA chief Brian Finn, in a deal valuing the combined company at $1.3 billion. The deal with...
Sempra Energy to sell 20% stake in unit to KKR for $3.37 billion
Energy infrastructure company Sempra Energy said on Monday it would sell a 20% stake in its new business platform, Sempra Infrastructure Partners, to investment firm KKR for $3.37 billion in cash. The sale was flagged...
UK’s Octopus Energy to acquire sister renewables company
British energy supplier Octopus Energy Group said on Friday it would acquire its sister company and clean energy investor Octopus Renewables, making it one of the biggest renewables operators and investors in Europe...
