Brazilian energy company Light SA said on Monday its subsidiary Light Energia S.A. has agreed to sell a 17.17% stake in Renova Energia SA to CG I Fundo de Investimento em Participacoes Multiestrategia for a symbolic...
Energy
Sempra Energy to sell Chilean businesses for $2.23 billion to China’s State Grid
U.S. power company Sempra Energy said on Monday it would sell is Chilean businesses to China’s State Grid International Development Limited for $2.23 billion in cash. The deal includes Sempra’s 100% stake in Chilquinta...
ConocoPhillips agrees to sell Australian assets to Santos for $1.39 billion
Energy company ConocoPhillips said on Monday it had agreed to sell most of its Australian assets to rival Santos Ltd for $1.39 billion, with the deal expected to close in the first quarter of 2020. The U.S. company said...
PNE AG agrees to takeover by Morgan Stanley Infrastructure
Germany’s PNE AG has agreed to a takeover offer from Morgan Stanley Infrastructure (MSIP) which values the wind energy project developer at 300 million euros ($330 million), it said on Thursday, drawing criticism from a...
Finland’s Fortum to gain control of Uniper in $2.5 billion deal
Finnish utility Fortum is set to gain control of Germany’s Uniper by acquiring the stakes of activist funds Elliott and Knight Vinke, potentially ending a long-running deadlock over ownership of the group. State...
Agera Energy files for bankruptcy protection
Agera Energy said on Friday it had filed for Chapter 11 bankruptcy protection and had agreed to sell its retail assets to Constellation, a unit of Exelon Corp. The bankruptcy protection has been filed in the United...
Sempra Energy to sell Peruvian businesses to China Yangtze for $3.59 billion
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...
