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Utilities

Macquarie Generation (MacGen)

Australia's NSW government down to three bidders for Macquarie Generation

Chinese conglomerate Shenhua has dropped out from the bid for New South Wales (NSW) power generator Macquarie Generation (MacGen), leaving only three bidders, according to a report.

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New Asia Investments

Singapore's New Asia Investments backs Vietnam water treatment facility

Singapore-based fund New Asia Investments invested an undisclosed amount to complete a new waste water treatment facility in Vietnam through its portfolio holding, GD Wasser.

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Temelin Nuclear Power Plant

Czech conglomerate CEZ Group may sign $10B Temelin nuclear plant expansion deal in 2015

CEZ Group, a utility conglomerate based in Prague, could ink a $10 billion deal to expand the Temelin nuclear power plant some time in the second quarter of 2015. CEZ is in talks with US' Westinghouse and a consortium that includes Russia's Atomstroyexport, according to a Reuters report.

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Belo Monte Dam

Brazil's Vale forms joint venture with power company Cemig, reduces stake in controversial Amazon dam

Vale, the world's leading producer of iron ore, agreed to enter into a joint venture with power company Cemig to run six hydroelectric power plants. Vale also halved its 9% stake in Norte Energia, which builds a hydroelectric dam in Amazon, Brazil

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Costain Group Plc

Costain Group Plc exits holding in three joint ventures to UK water firm Severn Trent

UK engineering solutions provider Costain Group Plc exited its minority stake in three joint ventures to publicly traded water utility Severn Trent Plc to raise investment funds and working capital.

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Transpacific Industries Group Ltd.

Carlyle, KKR advance in the bidding for Transpacific Industries' waste management unit

US-based private equity firms Carlyle Group and KKR & Co and Australian investment firm Archer Capital have advanced in the sale of Transpacific Industries Group's waste management business. The three firms are working with banks to put together loan packages to back their bids.

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MVM Zrt

Hungary to buy minority stake in Budapest gas supplier

Hungary-based state-owned utility MVM Zrt announced on Tuesday its plan to purchase a minority stake in natural gas supplier Fogaz Zrt in a deal valued at HUF41 billion ($187.4 million).

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Manila Water Company Inc

Ayala takes a part of Mitsubishi's interest in Manila Water

Philippine conglomerate Ayala Corp has bought 140 million common shares of Mitsubishi Corp's equity in Manila Water Company Inc for PHP2.8 billion, according to an emailed statement.

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Wind turbines

US Infrastructure gets near-failing grade by civil engineers group

In its latest assessment for the infrastructure in the US, the American Society of Civil Engineers' (ASCE) assessment had given the nation's roads, bridges, rail, drinking water, waste water, solid waste and others an aggregate almost flunking grade.

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Hongkong Electric Company Ltd.

Hong Kong business magnate Li Ka-Shing's utility trust to raise $5.7 billion in IPO

Power Assets Holdings Ltd. will spin off its subsidiary Hongkong Electric Company Ltd. to HK Electric Investments, a single-investment trust. Power Assets was said to be aiming for a HK Electric Investments listing early next year to raise $5.7 billion.

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Arad Group

Israel's Arad nears deal to acquire majority stake in Mexican water firm

Israeli water meter developer Arad Group is in advanced talks to buy a 50% stake in a Mexican water-measuring company, a Bloomberg report said. The deal is reportedly worth $10 million and is expected to be closed early next year.

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Bord Gais Energy

Ireland picks Britain's Centrica-led consortium for €1.2 billion gas utility sale

The government of Ireland has chosen a consortium led by British energy supplier Centrica PLC to acquire the retail unit of its gas utility Bord Gais Energy. Centrica's group will buy the asset for €1.12 billion.

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Fortum Oyj

Finland's Fortum agrees on sale of power distribution business to Suomi Power Networks

The largest utility firm in Finland, Fortum Oyj, would be exiting from its power distribution business in Finland to Suomi Power Networks, Bloomberg said in its report.

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Skype

Top deals of the day - bids, mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported on Wednesday, including Fortum, National Vision, Saipem, CTT, MTS, Southern Pacific, Warrnambool, Verbund, Bakkafrost, Popular and Marathon Oil.

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Fortis Inc.

FORTIS INC. TO ACQUIRE UNS ENERGY CORPORATION FOR US$4.3 BILLION

Fortis Inc. announced today that it has entered into an agreement and plan of merger to acquire UNS Energy Corporation for US$60.25 per common share in cash

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