Mumbai: Hindustan Powerprojects Pvt. Ltd has initiated discussions with investors to sell around 300 megawatts (MW) of solar assets, three people aware of the development said. The money could be used for expansion and...
Yuma Energy agrees to merger and reorganization dated Feb 10- SEC filing
Yuma Energy Inc * On Sept.2, 2016, entered into amendment to agreement and plan of merger and reorganization dated February 10, 2016 – sec filing * Amendment extends outside date of merger agreement from September...
Spain’s Repsol confirms mulling stake sale in Gas Natural
Spain’s Repsol : * Says exploring alternatives around its stake in Gas Natural * Says along with Criteria is talking with various investors on possibility of each selling around 10 percent of the gas company *...
German energy utility Uniper and India Power form 50:50 joint venture in power plant service
KOLKATA: India Power Corporation (IPCL), a Kanoria Foundation entity, and Germany-based Uniper have entered into an agreement to set up a 50:50 service company joint venture, India Uniper Power Services. This company...
Twin Butte Energy debenture holders reject proposed takeover deal
Twin Butte Energy Ltd (TBE.TO) debenture holders voted to reject a takeover bid by Hong Kong’s privately held Reignwood Resources Holding Pte Ltd on Monday, throwing the cash-strapped Canadian oil and gas...
SBI pushing for Jyoti Structures takeover by Dubai’s Amin Group
Mumbai: State Bank of India (SBI) is pushing creditors of Jyoti Structures Ltd to accept a takeover proposal from Dubai-based Amin Group, despite knowing about a past working relationship between promoters of the two...
ConocoPhillips hits snag in Senegal deepwater stake sale to Woodside
ConocoPhillips’ plan to sell its stake in an oil find off Senegal to Woodside Petroleum hit a speed-bump on Tuesday as a junior partner attempted to buy time to pre-empt the deal at the same time it announced an...
IFC to invest up to USD 125 mn in Hero Future Energies
NEW DELHI: International Finance Corp (IFC) will invest up to USD 125 million in Hero Future Energies, the renewable energy venture of the Hero Group. “IFC together with IFC Global Infrastructure Fund will invest...
PDC Energy announces entry into the core Delaware basin through acquisition of about 57,000 net acres
PDC Energy Inc : * PDC Energy announces entry into the core Delaware basin through transformative acquisition of approximately 57,000 net acres * Deal for $1.5 billion * Company intends to fund cash portion of...
Questar says Public Service Commission of Utah has approved merger with Dominion Resources
Questar Corp : * Public Service Commission of Utah has approved merger with Dominion Resources * Expect transaction to close in 2016 shortly after final regulatory approval is received Source text for Eikon: Further...
Vedanta sees no tax hitch in merger
Edinburgh-based Cairn Energy will have a five per cent holding in Vedanta Ltd after the latter’s absorption of Cairn India. Cairn Energy, which has an ongoing tax dispute with the Indian government, will also get four...
Tata Power in talks to acquire power arm of DB Corp promoters
Tata Group head honcho Cyrus Mistry is betting big on the domestic power sector. ET NOW learns that Tata Power is in talks with Bhopal headquartered leading print media company DB CorpBSE 0.23 % for a potential buyout...
