German energy group Uniper has mandated investment bank Rothschild to explore a sale of its French assets, a person with direct knowledge of the matter said, under pressure from a planned exit from coal-fired power...
Google buys into new Finnish wind energy in renewables search
Google (GOOGL.O) said it has signed a 10-year deal to buy renewable energy from three new wind farms that are being built in Finland and which will power one of its data centers. Big companies have rushed to secure...
Delta Air Lines seeks buyers for a stake in its refining subsidiary
Delta Air Lines has hired two investment banks to offer a stake in its Monroe Energy refining subsidiary, signaling it wants a partner to shoulder the risk of running an energy business. The Atlanta-based airline...
South African watchdog approves Glencore’s bid for Chevron assets
South Africa’s competition watchdog approved Glencore’s (GLEN.L) roughly $900 million bid for Chevron’s (CVX.N) local and Botswana assets on Thursday, bolstering its chances of scuppering a rival bid from China’s...
PTC India looking to exit wind power business
The country’s largest electricity trader, PTC India Ltd, is exploring the possibility of exiting its wind power business and is scouting for investors for this, said two people aware of the development. This comes...
Saudi PIF ‘may only play a minor part’ in Musk’s $72-bn Tesla buyout plan
Elon Musk told investors this week that “obviously, the Saudi sovereign fund has more than enough capital needed” to finance taking Tesla private. The fund is estimated to have over $250 billion in assets...
Musk says working with Silver Lake, Goldman on proposal to take Tesla private
Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk said on Monday he was working with Silver Lake Partners and Goldman Sachs Group Inc (GS.N) for financial advice on his proposal to take the electric car company...
Innogy sells stake in $2.6 billion wind project to Japanese firms
German energy group Innogy will sell a 41 percent stake in its 2 billion pound ($2.6 billion) offshore wind farm Triton Knoll to Japan’s Electric Power Development Co and Kansai Electric Power Co, it said on Monday. The...
Energy tech firm Climate Connect looks to raise $10 million
London-based Indian energy start-up Climate Connect is seeking to raise $5-10 million in Series B funding within the next six months, the company’s founder and chief executive officer (CEO) Nitin Tanwar said. Climate...
Greece to shortlist two schemes in Hellenic majority stake sale: sources
Anglo-Swiss Glencore Energy (GLEN.L) and Swiss Vitol will be qualified to submit a binding bid for a majority stake in Greece’s biggest oil refiner Hellenic Petroleum (HEPr.AT), sources close to the process said on...
Thai PTT to buy Engie’s Glow in power deal that could be worth more than $4 billion
Thai energy giant PTT Pcl (PTT.BK) said it will buy domestic power firm Glow Energy Pcl (GLOW.BK), controlled by French giant Engie SA (ENGIE.PA), in a deal that could be worth more than $4 billion as it seeks to play a...
SandRidge approached by 17 suitors, Icahn says not to bid soon
SandRidge Energy Inc (SD.N) said on Friday it had been approached by 17 potential bidders for a buyout, including billionaire Carl Icahn who is fighting for control of the oil and gas producer’s board. The activist...
