Troubled infrastructure financier Infrastructure Leasing and Financial Services will sell its Chinese road asset for nearly Rs 2074 crore to PingAn Insurance (Group) Company of China, two people familiar with the...
Phoenix Tower nears deal to buy telecoms business of Italy’s EI Towers – source
Phoenix Tower International is close to clinching a deal to buy the telecoms mast unit of Italy’s EI Towers for some 500 million euros ($606 million) by the end of the year, a source with knowledge of the matter said on...
NZ’s Infratil rejects AustralianSuper’s $3.78 billion deal, shares soar
Infratil Ltd on Tuesday rejected a NZ$5.37 billion ($3.78 billion) takeover offer from AustralianSuper, terming the bid as too low and triggering an over 20% jump in shares of the New Zealand-based energy and transport...
IL&FS receives approval to sell Chenani Nashri Tunnel to Cube highways for Rs 3900 crore
Infrastructure Leasing and Financial Services (IL&FS) group has received Justice DK Jain’s approval to sell the Chenani Nashri Tunnelway Limited (CNTL) to Cube Highways for a total consideration of Rs 3900 crore...
Italy’s F2i could become key investor in consortium bidding for Atlantia’s unit: sources
Italian infrastructure fund F2i is in talks with state-backed lender CDP to become a key investor in a consortium working on a bid for the motorway assets of infrastructure group Atlantia, two sources close to the...
Sempra to buy remaining stake in Mexican unit in $6.13 billion deal
Sempra Energy said on Wednesday it would buy the remaining stake in a Mexican unit in a deal valued at $6.13 billion as it eyes new investments in renewables and energy storage amid growing global demand for cleaner...
IL&FS gets approval to sell road asset Jorabat Shillong Expressway
Infrastructure Leasing and Financial Services on Tuesday said it has received the approval of Justice (retd) D K Jain – who is overseeing the debt-laden group’s resolution process – for sale of Jorabat...
Union Cabinet approves ₹2,481 crore worth FDI into ATC Telecom Infra
The Cabinet Committee on Economic Affairs on Wednesday approved foreign direct investment (FDI) worth Rs2,480.92 crore in ATC Telecom Infrastructure Pvt. Ltd. by ATC Asia Pacific Pte. Ltd. Union minister Prakash...
Brazil’s Highline acquires Blackstone-backed Phoenix Tower do Brasil
Highline do Brasil, a portfolio company of U.S. private equity firm Digital Colony, has reached a deal to acquire telecom infrastructure firm Phoenix Tower do Brasil, it said on Tuesday, adding new 2,500 sites to its...
Dilip Buildcon JV lowest bidder for expressway stretch in Rajasthan
Highways builder Dilip Buildcon on Wednesday said its joint venture has emerged as the lowest bidder for a stretch of the Delhi-Vadodara expressway in Rajasthan. The company had bid Rs 1,000.08 crore for the project to...
Kerala HC upholds Adani airport deal
The Kerala high court on Monday allowed billionaire Gautam Adani to operate the airport in state capital Thiruvananthapuram, rejecting the state government’s contention that the privatization was not in the public...
Adani’s acquisition of Mumbai Airport from GVK gets CCI green signal
The Competition Commission has approved Adani Group’s proposed acquisition of controlling stake in Mumbai airport from GVK Airport Developers under the green channel route. The green channel route provides for...
