Malaysia’s Petronas has offered 38 billion rupees ($460 million) to buy a 20% stake in the green energy arm of India’s largest power producer, NTPC, in the first deal of its kind by a state-run firm, three...
Agrofert to win EU approval to buy Borealis’ nitrogen unit
Czech group Agrofert is set to win unconditional EU antitrust approval for its purchase of the nitrogen business of Austrian energy group OMV’s unit Borealis, a person with direct knowledge of the matter said on...
Brookfield consortium trims offer for Australia’s Origin Energy to $10.5 billion
A Brookfield-led consortium trimmed its offer for Origin Energy by 1% on Wednesday, valuing Australia’s no.2 power producer and energy retailer at A$15.33 billion ($10.5 billion), after government moves to cap gas...
Hancock Energy’s updated $304 million bid for Warrego Energy satisfies minimum condition
Gina Rinehart-owned Hancock Energy said on Monday that its updated A$0.36 per share offer for Australia’s Warrego Energy, which valued the oil and gas explorer at A$440 million ($304 million) has received the...
Hinduja renewables joins race to buy major stake in Fourth Partner Energy
Hinduja Renewables, the green energy arm of the Hinduja Group, has joined the race to acquire a majority stake in renewable energy firm Fourth Partner Energy, two people aware of the development said. Hindujas are...
Adani Green Energy arm to buy 50% equity in Essel Saurya Urja for Rs 15 cr
Adani Green Energy arm Adani Renewable Energy Holding Two Ltd will acquire 50 per cent equity in Essel Saurya Urja Company of Rajasthan Ltd from Essel Infraprojects for Rs 15 crore. Adani Renewable Energy Holding Two...
L&G plans to vote against Capricorn leadership and NewMed merger
Asset manager Legal & General plans to take the rare step of voting to oust energy group Capricorn’s senior leadership and halt its planned merger with NewMed, according to a company document seen by Reuters...
Varo Energy buys 80% of Dutch biogas firm; aims to double capacity by 2026
Fuel trader and refiner Varo Energy, owned by Carlyle and energy trader Vitol, told Reuters on Thursday it had bought an 80% stake in Dutch biogas maker Bio Energy Coevorden BV (BEC) with a view to doubling its capacity...
JSW Energy completes acquisition of Ind-Barath Energy for Rs 1,047 cr
JSW Energy said it has completed the acquisition of 700 MW Ind-Barath Energy (Utkal) for Rs 1,047.60 crore through insolvency proceedings. “Pursuant to the NCLT (National Company Law Tribunal) approval order, the...
State-owned Polish utility PGE to buy PKP Energetyka for $433 mln
Polish utility PGE will buy the owner of PKP Energetyka in a 1.91 billion zloty ($433 million) deal, it said on Wednesday, taking one of the country’s biggest energy groups back under state control. The...
Brookfield gains extra time to seal $12 bln bid for Australia’s Origin Energy
Australia’s Origin Energy Ltd reassured shareholders that Canada’s Brookfield Asset Management, leading an A$18.4 billion ($12.3 billion) takeover offer, had not found any deal breakers in its books so far...
Promoters to sell 3.5% stake in Sterling and Wilson Renewable via OFS
Promoters Shapoorji Pallonji and Co and Khurshed Yazdi Daruvala plan to together sell 3.57% stake in Sterling and Wilson Renewable Energy through an offer for sale on Tuesday and Wednesday. Shapoorji Pallonji proposes...
