Sempra Energy said on Monday it would sell its Peruvian businesses to a unit of China Yangtze Power Co for $3.59 billion, as part of a planned exit from South America to focus on its core U.S. and Mexican markets. The...
Westinghouse to buy Rolls-Royce’s North American Civil Nuclear unit
U.S. nuclear energy firm Westinghouse Electric Co said on Thursday it would buy Rolls-Royce Holding’s (RR.L) Civil Nuclear Systems and Services business in North America, to boost its growth in North American and...
Tallgrass Energy receives take-private offer from Blackstone
Midstream energy firm Tallgrass Energy said on Tuesday it had received an offer from Blackstone Infrastructure Partners, its partners and affiliates to acquire the shares in the company that they do not already own...
SSE confirms it is in talks with OVO to sell energy retail business
British energy supplier SSE said on Saturday it was in talks with OVO Group about the sale of its energy retail arm which serves 5.7 million households in Britain. “These discussions are continuing, however, no final...
Canada’s pension fund OMERS seeks new green energy deals
Canadian pension fund Ontario Municipal Employees’ Retirement System (OMERS) is scouting for acquisition opportunities in India, in an affirmation of the country’s position as a green energy hot-spot. With net assets of...
Suzlon defaults on $172-mn bonds, in talks with investors for stake sale
Wind energy major Suzlon Energy did not pay its bondholders for $172-million in foreign currency convertible bonds (FCCBs) which were due on Tuesday, the company disclosed to the BSE exchange. The $172 million was part...
IL&FS arm puts its shares in 2 wind energy assets for sale
Going ahead with its monetisation process, IL&FS Energy Development Company, a subsidiary of the crisis-hit IL&FS, has invited expressions of interest (EoI) to sell its stake in Sipla Wind Energy Ltd and Mahidad...
Brookfield eyes majority stake in Suzlon
Brookfield Asset Management Inc. is planning an offer for a majority stake in India’s debt-laden Suzlon Energy Ltd, according to people familiar with the matter. The Toronto-based investment firm is working with a...
Modi govt exploring opportunities for more mergers in energy: Dipam secy
The Narendra Modi government is exploring opportunities for further mergers and acquisitions (M&As) among state-owned companies this year, Dipam Secretary Atanu Chakraborty told Business Standard on Saturday. In...
Lightsource BP makes major Brazil solar acquisition
Solar energy developer Lightsource BP has acquired a large number of projects in Brazil with a potential to nearly double its current global capacity. The London-based firm, in which BP holds a 43% stake, said in a...
Energy distributor UGI to buy some assets of Columbia Midstream for $1.28 billion
Energy distributor UGI Corp (UGI.N) said on Tuesday it would buy some assets of Columbia Midstream Group from pipeline operator TC Energy Corp (TRP.TO) for about $1.28 billion to expand its midstream business. The...
Trafigura’s Puma Energy hires BAML for asset sale: sources
Puma Energy, the retail and storage arm of commodities trader Trafigura, has hired Bank of America Merrill Lynch (BAML) to run the sale of some of its assets, sources familiar with the matter said, in an effort to trim...
