NEW DELHI: After stitching a deal to sell 49 per cent stake in Essar OilBSE -0.15 % to Russia’s Rosneft, the Ruia family is looking at selling another 25 percent stake in the company to an oil trader or a...
Energy Transfer Equity announces termination of merger agreement with Williams Companies
Energy Transfer Equity Lp * ETE’s counsel Latham & Watkins unable to deliver required tax opinion prior to June 28, 2016, outside date in merger agreement * ETE provided written notice terminating merger...
Williams Companies stockholders approve merger transaction with ETE
Williams Companies Inc : * Williams stockholders approve merger transaction with ETE, and Williams launches appeal of merger ruling in Delaware Supreme Court * At the special meeting today, 477.5 million shares or more...
Essar Energy exits Kenya Petroleum by selling stake to Kenyan government
MUMBAI: Essar Energy has sold its entire 50% stake in Kenya Petroleum Refineries (KPRL) to the Kenyan government as a part of its strategy to exit non-core businesses, the company promoted by billionaire brothers Shashi...
I Squared Capital’s Amplus Energy acquires SunEdison’s roof-top solar assets
Mumbai: US private equity (PE) firm I Squared Capital-owned roof-top solar power platform Amplus Energy Solutions Pvt. Ltd has acquired American solar power developer SunEdison Inc.’s roof-top solar power assets in...
ITC Shareholders approve Fortis acquisition of ITC Holdings
Itc Holdings Corp : * ITC Holdings Corp says at special meeting, shareholders approved acquisition of ITC by Fortis * Closing of acquisition of ITC is expected to occur in late 2016 Source text for Eikon: Further...
Tesla Makes an Offer to Acquire SolarCity
Tesla announced that it plans to acquire its sister company, SolarCity. Tesla CEO Elon Musk will hold a press call shortly. We will update with more information soon. Below you will find the announcement released by...
Williams, ETE spar over taxes as merger trial opens
Williams Cos Inc and Energy Transfer Equity LP sparred in court on Monday over a tax dispute that threatens to scuttle their $20 billion merger just one week before Williams shareholders vote on the deal to create one...
CLP buys 49 per cent in Suzlon’s solar project in Telangana
MUMBAI: Hong Kong-based CLP Group has forayed into the Indian solar energy market by acquiring 49% stake in Suzlon EnergyBSE 1.43 %’s 100 MW project in Telangana, with the option to acquire the balance stake later...
Superior Plus announces closing of acquisition of Caledon Propane
Superior Plus Corp * Superior Plus announces expansion of its superior propane business * Purchase price was $8.0 million * Announce closing of acquisition of Caledon Propane Inc * Caledon acquisition was funded from...
Williams-ETE $20 bln merger heads to courtroom showdown
A high-stakes trial will open on Monday to determine if Dallas billionaire Kelcy Warren’s Energy Transfer Equity can back out of a $20 billion agreement to buy rival pipeline operator Williams Cos Inc. After an 18...
IOC-led consortium to buy 24% stake in Vankor oil field
NEW DELHI: India and Russia have signed major Sales Purchase Agreement for acquisition of 23.9 per cent stake in Vankor oil block by an Indian Consortium of Oil India Ltd., Indian OilBSE -0.54 % and Bharat Petro...
