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
State-run electricity distributor Power Grid Corp of India Ltd will be pricing its share sale near the top end of its marketed range, according to sources interviewed by Bloomberg.
State-backed Power Grid Corporation is looking to raise as much as INR7,600 crore by selling 84.71 crore shares in a follow-on public offering. Shares will be priced at INR85 to INR90 apiece.
At a time when interest rates are low, investors are now seeking to invest in European infrastructure to get higher returns. However, the assets are scarce, according to a Reuters report.
Poland's Siodemka, one of the country's biggest delivery firms, is planning to list on the Warsaw Stock Exchange. 18 companies have already debuted in the Polish bourse this year.
Six more water systems and wastewater systems were bought by Aqua America Inc in November and December, bringing to 15 the number of its acquisitions this year.
Portugal is raising EUR578 million (USD783 million) in the initial public offering of its postal service CTT-Correios de Portugal SA. The Portuguese government is divesting its 70% stake in the mail service.
Samsung C&T Corp. on Monday announced that it has been awarded with a KRW1.29 trillion (USD1.22 billion) order to build a power plant in the western Saudi coast. Rabigh 2 power plant is expected to yield 2060 megawatts of electricity.
Italian state lender Cassa Depositi e Prestiti (CDP) expects to cash in around 3 billion euros ($4.1 billion) by June 2014 from the sale of minority stakes in gas and power grid networks, two sources with knowledge of the matter said on Friday.
The Portuguese government would be selling 70% of postal firm CTT-Correios de Portugal next week in its first initial public offering (IPO) since a financial crisis had hit the nation.
Veolia Environnement announced that the purchase of the 50% stake of Fomento de Construcciones y Contratas (FCC) in Proactiva Medio Ambiente has been closed in a deal valued at EUR150 million.
UK Business Secretary Vince Cable, with assistance from Business Minister Michael Fallon, presented evidence to the Business Committee of the British Parliament to assure the public that Royal Mail shares in the IPO was not undervalued.
Ashland, a chemical manufacturer, is in talks with at least seven private equity firms that are all interested in purchasing its water technologies unit in a deal that could fetch upwards of USD 1.5 billion.
Colorado-based building and battery startups Prescient, Boulder Ionics, and RoundPegg announced that they received funding from investors this week, which will be used for expansion and development.
Repsol Chairman told Bloomberg in an interview that the oil producer is willing to acquire assets in US, Canada and Northern Europe. The company is willing to spend up to USD 10 billion for the acquisitions.