Pembina Pipeline said it would buy Enbridge’s interests in the Alliance Pipeline, Aux Sable and NRGreen joint ventures for C$3.1 billion ($2.30 billion). Alliance delivers liquids rich natural gas sourced in...
BP to buy remaining 50% in solar JV Lightsource BP
BP has agreed to take full ownership of Lightsource BP, buying the remaining 50% stake in its solar power joint venture as part of the British oil giant’s drive to build up its renewable energy capacity. Under the...
Singapore’s BW LPG to invest $30 mln in JV with Confidence Petroleum India
Singapore-based BW LPG will invest $30 million in Confidence Petroleum India through preferential allotment of shares, and form a joint venture to develop LPG import infrastructure, the companies said on Thursday. The...
Nornickel will pay $18 mln to drop its stake in nickel JV in South Africa
Russia’s Nornickel will pay $18 million to pass its 50% stake in Nkomati nickel mine in South Africa to its partner African Rainbow Minerals (ARM), ARM said on Friday, ending years of Nornickel’s attempts to...
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...
Ramsay, Sime Darby to sell Asia healthcare JV to Columbia Asia for $1.2 bln
Malaysian conglomerate Sime Darby said Ramsay Sime Darby Health Care, its 50-50 joint venture with Australia’s Ramsay Health Care, will be sold for 5.7 billion ringgit ($1.21 billion). Sime Darby said its unit...
Adani in talks to exit JV with Wilmar
Adani Group is in talks with multiple multinational consumer goods companies to sell its entire 43.97% stake in Adani Wilmar Ltd, which owns the Fortune brand of edible oils and packaged grocery, said executives...
Allianz aims to sell 49% stake in fund manager JV to Guotai
German insurer Allianz said it has entered into definite agreements to sell its 49% stake in CPIC Fund Management Co. to Chinese investment bank Guotai Junan Securities. The transaction will unwind a tie-up dating back...
Allianz aims to sell 49% stake in fund manager JV to Guotai
German insurer Allianz said it has entered into definite agreements to sell its 49% stake in CPIC Fund Management Co. to Chinese investment bank Guotai Junan Securities. The transaction will unwind a tie-up dating back...
UK’s Bupa to acquire 20% stake in health insurer Niva Bupa from JV partner True North
Homegrown private equity firm True North said that it has agreed to sell 20% of its stake in Niva Bupa, a health insurance company, to its joint venture partner Bupa, a UK-based healthcare services and insurance...
Uno Minda to enhance stake in JV firm to 76 per cent
Auto components maker Uno Minda said its board has approved enhancing stake in a joint venture firm to 76 per cent. The company’s board has approved increasing stake in Minda Westport Technologies Ltd (MWTL) from...
Macquarie, Columbia Asia among bidders for Ramsay-Sime Darby $1.3 bln healthcare JV – sources
Australia’s Macquarie and Malaysian hospital chain Columbia Asia are among the bidders for the acquisition of a healthcare joint venture between Ramsay Health Care and Sime Darby, according to sources familiar...