Aditya Birla group firm UltraTech Cement Ltd said it has acquired the cement grinding assets of Burnpur Cement Ltd in Jharkhand for Rs 169.79 crore. The company has acquired 0.54 mtpa cement grinding assets of Burnpur...
Sembcorp to acquire 428 MW wind assets in India, China
Sembcorp Industries on Monday announced that it has signed two separate agreements to acquire 428 MW of wind power assets in China and India for 200 million Singaporean dollar (about Rs 1,247 crore). The Singaporean...
Actis, Edelweiss, Petronas eye Finnish company Fortum JV’s solar assets
Infrastructure investors Actis and Edelweiss and Malaysian state oil company Petronas are in talks to acquire a portfolio of 185 megawatts (MW) of solar assets in India owned by Finnish utility Fortum and co-investors...
Australia’s Karoon Energy to buy stakes in US offshore assets for $720 mln
Karoon Energy announced deals worth $720 million to buy stakes in certain offshore oil and gas fields in the Gulf of Mexico from U.S.-based LLOG Exploration, in a move to diversify operations beyond Brazil and Australia...
Yandex NV could sell Russian assets all at once
Yandex’s Dutch holding company is considering selling all its Russian assets at once, rather than just a controlling stake, three people close to the matter told Reuters, as the parties race to finalise a deal...
Australia’s Regal Partners soars as stake buy takes assets to $5.1 bln
Shares of Australia’s Regal Partners rose more than 11%, after the investment manager said it would buy a 50% stake in Taurus SM Holdings, bringing group funds under management to A$8 billion ($5.07 billion) on a...
TC Energy exploring stake sale of assets worth billions – Bloomberg News
Canadian pipeline operator TC Energy is exploring a multibillion-dollar asset sale plan to lower its debt and fund new investments, Bloomberg News reported on Friday, citing people familiar with the matter. The company...
Orange/MasMovil pick Digi as asset buyer to allay EU concerns – sources
French telecoms group Orange and Spanish peer MasMovil have picked Romania’s Digi to buy assets they plan to divest to address EU antitrust concerns over their Spanish tie-up, two people with knowledge of the...
Civitas Resources to buy Permian assets for about $2.1 bln
Civitas Resources will buy acreage in the oil-rich Permian Basin from global energy trader Vitol’s U.S. upstream venture for about $2.1 billion in cash and stock, the U.S. oil and gas producer said on Wednesday...
Vedanta to sell all its steel assets by March 2024: Anil Agarwal
India’s Vedanta Ltd is planning to complete the sale of its steel assets by March 2024, group chairman Anil Agarwal told CNBC TV 18 on Tuesday. The company began the review of its steel and steel raw material...
Shell weighs sale of Sprng assets stake
Shell Plc is looking to sell a stake in the operational assets of Sprng Energy Group, a renewable assets platform it acquired in 2022 from Actis Llp at an enterprise value of $1.55 billion, said two people aware of the...
JSW Steel firm Caretta Minerals to sell assets to West Virginia Properties for USD 24 mn
Caretta Minerals LLC, an asset of JSW Steel in the US, has entered into an agreement to sell its plant and equipment for a consideration of USD 24 million to West Virginia Properties. The deal also includes the sale of...