Danish energy company Orsted (ORSTED.CO), 50.1 percent owned by the state, said on Sunday that the Finance Ministry had told it there was no longer political support for continuing divestment of its power distribution...
Energy
Macquarie interested in buying renewable energy assets of crisis-hit IL&FS
Macquarie Infrastructure & Real Assets and NTPC, India’s largest power utility, are among companies interested in buying some of the renewable energy assets of beleaguered shadow financier Infrastructure Leasing...
Nayara Energy takes RBI, ED to court over Fema
Nayara Energy, earlier known as Essar Oil Ltd, has moved the Bombay high court seeking a stay on a Reserve Bank of India (RBI) order fining it for alleged violation of foreign exchange regulations and an investigation...
Pandion Energy buys a stake in a Norwegian Sea license
Pandion Energy has acquired a 30 percent stake in production license 842 in the Norwegian Sea from Aker BP (AKERBP.OL), the Oslo-headquartered company said on Monday. Operator Capricorn has a 40 percent stake while...
Britain’s Ophir gets takeover interest from Indonesia’s Medco Energi
Britain’s Ophir Energy said on Monday it is in discussions for a possible all-cash takeover offer with a unit of Indonesia’s Medco Energi Internasional Tbk PT (MEDC.JK). Ophir, an upstream oil and gas exploration and...
Shapoorji Pallonji hires ICICI Securities for IPO of solar biz
Shapoorji Pallonji Group has hired ICICI Securities Ltd to take its solar engineering, procurement and construction (EPC) business public, two people aware of the matter said. The solar EPC business is housed under the...
Uniper in exclusive talks to sell French business to Kretinsky’s EPH
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...
