Central European energy group EPH, majority owned by Czech billionaire investor Daniel Kretinsky, has entered exclusive negotiations to acquire all the French assets of German energy group Uniper, both companies said on...
SSE to sell stake in telecoms business for $481 million
SSE Plc (SSE.L) is planning to sell a 50 percent stake in its enterprise telecoms business to Infracapital after abandoning plans to merge its British energy retail operations with a unit of Innogy SE (IGY.DE), the...
Hydro One, Avista to file petition after state regulator rejects merger deal
Canadian electric utility Hydro One Ltd (H.TO) and its buyout target, Avista Corp (AVA.N), said they would file a petition, asking the Washington Utilities and Transportation Commission (UTC) to reconsider its order...
Brazil’s Eletrobras to sell distribution company CEAL on Dec. 19
Brazil’s state-controlled power company Centrais Elétricas Brasileiras SA (ELET6.SA) will hold an auction on Dec. 19 to sell its subsidiary Companhia Energética de Alagoas (CEAL), the company said in a market filing on...
Elliott’s raised stake in Uniper to pave way for Fortum deal: sources
Activist fund Elliott’s raised stake in Uniper (UN01.DE) could pave the way for a new takeover attempt by Finland’s Fortum (FORTUM.HE), which is already the German energy group’s largest shareholder, according to people...
Flipkart’s Sachin Bansal may invest upto $100 million in Ather Energy
Sachin Bansal, Flipkart’s co-founder who minted close to a billion dollars after Walmart’s takeover of the e-commerce firm, is considering several large bets on start-ups. As per a report, Bansal is in talks...
Thai regulator blocks $4 billion sale of Engie’s Glow to PTT
Thailand’s energy regulator has blocked PTT Pcl’s (PTT.BK) bid to acquire power firm Glow Energy (GLOW.BK) from France’s Engie (ENGIE.PA) for up to $4 billion, in what would have been the country’s largest investment...
Sajjan Jindal keen to buy out stressed hydroelectric plants
Sajjan Jindal’s JSW Energy plans to expand its portfolio in the hydroelectric power space by buying projects that are stymied by the lack of quality and large-scale projects of this kind that are up for sale. At a...
After Orange, Greenko plans to buy Skeiron in Rs 3,500 crore deal
The Greenko group, backed by sovereign wealth funds GIC Holdings Pte Ltd and Abu Dhabi Investment Authority, is in talks with Skeiron Renewable Energy to acquire 385 megawatt (MW) of wind projects at an enterprise value...
Orange Renewable a done deal, Greenko in final talks to acquire Tanti Co
Greenko Group is acquiring Orange Renewable from Singapore’s AT Capital Group for an enterprise value of $850 million, ending weeks of intermittent negotiations. Hyderabad-headquartered Greenko is also in final...
Husky Energy formally offers to acquire rival MEG Energy
Canadian oil and gas producer Husky Energy Inc (HSE.TO) said on Tuesday it had formally offered to acquire all the outstanding common shares of MEG Energy Corp (MEG.TO). Each MEG shareholder will have the option to...
Edelweiss arm eyes Rising Sun’s 140MW solar assets
An investment arm of financial services company Edelweiss is closely evaluating buying out 140 megawatts (MW) of solar power assets at the Bhadla solar park in Rajasthan, two people aware of the development said. The...
