Pipeline operator Williams said it would buy a portfolio of natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion, to cater to rising demand from liquefied natural gas projects. The deal...
IL&FS to sell stakes in three road assets as InvIT plan fails
Crisis-hit infrastructure finance firm IL&FS is set to sell its stake in three road projects as part of the resolution process after the company’s new board failed to get approvals to transfer these assets to...
Brazil’s Suzano buys forestry assets for $376 million
Brazilian pulp and paper company Suzano has acquired certain forestry assets from two special-purpose firms managed by BTG Pactual Timberland Investment Group, according to a securities filing. The deal was valued at 1...
Brookfield hires advisors to sell assets from Saeta worth $1.6 bln- sources
Canada’s Brookfield is working to sell renewable assets owned by its company Saeta Yield worth 1.5 billion euros ($1.64 billion) including debt, according to five people with knowledge of the deal. The investment...
Mirae Asset acquires Sharekhan for ₹3,000 crore
French financial services major BNP Paribas has sold its local retail broking unit Sharekhan to South Korea’s Mirae Asset Financial Group for ₹3,000 crore, said two people close to the development. “The deal...
Cognizant plans to sell office assets in Hyderabad, Chennai
Software services firm Cognizant Technologies intends to sell its office assets in Hyderabad and Chennai as part of its strategy to become asset-light and capitalise on non-core real estate. The company plans to divest...
South Korea’s Mirae Asset to buy BNP Paribas’ Indian brokerage unit for $370 mln
South Korea’s Mirae Asset Securities said it would acquire French bank BNP Paribas’ Indian retail brokerage unit, Sharekhan, in a 487 billion won ($370.11 million) deal. Mirae Asset, an investment banking...
Canada’s Secure Energy to divest assets for C$1.15 bln on Competition Tribunal’s ruling
Waste management firm Secure Energy Services said it will divest some assets in Western Canada for a total of C$1.15 billion ($847.21 million) to fulfill Competition Tribunal’s conditions for its merger with...
Luxor Capital buys UK assets of bankrupt electric truck maker Volta Trucks
The UK business and assets of Volta Trucks have been sold to a new unit of hedge fund Luxor Capital, which had invested heavily in the electric truck maker, the bankrupt company’s administrators said on Friday...
Actis unit BluPine buys Acme solar assets for enterprise value of Rs 1,700 cr
BluPine Energy, a unit of London-based private equity firm Actis, has bought solar power assets from Acme group for an enterprise value of ₹1,700 crore, said people familiar with the matter. The acquired assets are...
UK’s Frasers plans to buy SportScheck assets out of administration
British sports and fashion group Frasers said it will seek to buy SportScheck’s business and assets out of administration after the German sporting goods retailer filed for insolvency. Frasers had agreed to...
Govt invites fresh bids from asset valuers of IDBI Bank
The government on Wednesday issued a fresh RFP for the appointment of asset valuer for strategic sale-bound IDBI Bank. The last date for submitting bids by asset valuer is January 5, the Department of Investment and...