Sajjan Jindal-promoted JSW Energy acquired the 500-megawatt (Mw) power plant of debt-laden Jaiprakash Power Ventures at Bina in Madhya Pradesh for Rs 2,700 crore, 10 months after the two firms got into a binding...
Energy
NextEra’s $2.6 Billion Hawaii Deal in Doubt as Regulator Says No
Hawaiian regulators rejected NextEra Energy Inc.’s $2.63 billion bid to purchase Hawaiian Electric Industries Inc., dealing a possibly fatal blow to the deal that had faced opposition from the governor. The Hawaii...
Coal India board approves plan to buy back 108.9 million shares
Kolkata: Coal India Ltd’s board on Monday approved a proposal to buy back 108.9 million shares for Rs.335 each, spending a total of Rs.3,650 crore. This marks a deviation from the state-controlled miner’s earlier plan...
Gran Tierra Energy Inc. announces strategic US$525 million acquisition of Petrolatina Energy
Gran Tierra Energy Inc : * Gran Tierra Energy Inc. announces strategic US$525 million acquisition of Petrolatina Energy Ltd. in Colombia * Deal expected to be funded through combination of co’s current cash...
Trafigura in talks to buy minority stake in Essar Oil
Trafigura Group Pte is in talks to acquire a minority stake in Essar Oil Ltd, India’s second-largest private refiner, in a deal that could value the business at about $6.5 billion, people with knowledge of the matter...
Ruias plan to sell another 25% stake in Essar Oil
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...
