Continuum Wind Energy founder Arvind Bansal is looking to buy back Morgan Stanley’s majority stake in the company’s 400MW wind energy platform, said two people aware of the development. Morgan Stanley Infrastructure...
GCL-Poly to sell 51 percent stake in unit to Shanghai Electric
GCL-Poly Energy Holdings Ltd (3800.HK) said it would sell a 51 percent stake in a photovoltaic developing unit to industrial equipment maker Shanghai Electric Group Co Ltd (601727.SS) at a price yet to be determined...
Devon Energy to sell some midstream stakes to cut debt, sharpen focus
Oil and gas producer Devon Energy Corp (DVN.N) said on Wednesday it would sell its stakes in pipeline operator EnLink Midstream for $3.13 billion to pare debt and focus on its core shale business as crude prices hover...
ConocoPhillips prepares to sell stake in Canada’s Cenovus – sources
ConocoPhillips (COP.N) is preparing to offload its stake in Cenovus Energy Inc (CVE.TO), which it acquired as part of an asset sale to the Canadian oil and gas producer last year, people familiar with the matter told...
Santos shares set to slide after snubs $10.8 billion takeover offer
Shares in Santos Ltd (STO.AX) are expected to drop at least 10 percent after the Australian gas producer rejected a $10.8 billion takeover offer from U.S.-based Harbour Energy, analysts said on Wednesday. Santos late on...
Suzlon in talks to sell 300 MW of wind power assets
Suzlon Energy Ltd, which is exploring the sale of 300 megawatts (MW) of wind power assets, has hired an investment bank to manage the process, said two people aware of the development. The assets are part of Skeiron...
Australia’s Santos gets final sweetened $10.8 billion bid from Harbour Energy
U.S.-based Harbour Energy made a final offer of $10.8 billion for Australia’s Santos Ltd on Monday, hiking its bid for a fifth time in nine months after a steep rise in oil prices and potentially deterring any rival...
Asia’s April Group in exclusive talks to acquire Brazil’s Lwarcel: sources
Indonesia’s Asia Pacific Resources Group, known as April Group, entered exclusive talks to acquire Brazilian pulpmaker Lwarcel Celulose Ltda, two people with knowledge of the matter said on Tuesday. April has made the...
Hinduja Power acquires Kiran Energy Rs 900-950 crore
Mumbai-based Kiran Energy Solar Power has been acquired by Hinduja Power Corporation, part of the Hinduja Group, for an enterprise value of around Rs 900-950 crore, a source close to the development revealed. It is an...
Hinduja National Power buys Kiran Energy for Rs1,000 crore
Hinduja National Power Corp., part of the Hinduja Group, has acquired Kiran Energy Solar Power for around Rs1,000 crore, two people close to the development have said. The company had last year initiated talks to...
CenterPoint Energy nears deal to acquire Vectren – sources
U.S. regional gas and electric utility CenterPoint Energy Inc is nearing a deal to acquire peer Vectren Corp, three people familiar with the matter said on Sunday. The acquisition would expand CenterPoint’s reach beyond...
British PE firm Actis close to buying solar assets of India’s Shapoorji Pallonji
British private equity firm Actis is close to signing a deal to buy the solar power portfolio of Indian conglomerate Shapoorji Pallonji, three people aware of the development said on Tuesday. The acquisition of...
