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...
Energy
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...
Pertamina acquires PGN to become Indonesian energy holding company
Indonesia’s minister for state-owned enterprises approved on Wednesday the transfer of a 56.96 pct stake in state gas utility Perusahaan Gas Negara (PGN)(PGAS.JK) to Pertamina. The takeover of PGN by Pertamina dates...
Australia’s AGL says approached by Alinta to buy coal-fired Liddell plant
Australia’s biggest energy producer AGL Energy Ltd (AGL.AX) said on Wednesday Hong Kong-owned rival Alinta Energy has expressed interest in buying its coal-fired Liddell Power Station, which is slated to be closed. AGL...
ReNew Power buys Ostro Energy after CPPIB puts in $247 million
ReNew Power Ventures Pvt. Ltd on Monday said it is acquiring Ostro Energy Pvt. Ltd, which has 1.1 gigawatts (GW) of renewable assets, for an undisclosed sum. In a related development, Canada’s largest pension fund has...
E.ON, RWE have no merger plans: CEOs in German paper
RWE (RWEG.DE) and E.ON (EONGn.DE) are not planning to merge to create an energy giant after they shook up the German market with an asset swap, the chief executives of the two companies said in a newspaper interview...
CITIC Group in talks for up to 49 percent stake in CEFC unit
CEFC China Energy is in talks with China’s state-run CITIC Group for CITIC to take a maximum 49 percent stake in the private conglomerate’s European unit, a CEFC executive briefed on the matter told Reuters on Tuesday...
EESL acquires UK-based utility Edina for Rs493 crore
State-run Energy Efficiency Services Ltd (EESL) on Tuesday acquired the England-based combined heat and power (CHP) utility Edina for Rs493 crore to further its strategy of adopting natural gas-based technologies to...
