The Indian government would be investing INR 110 billion for the improvement of the water supply infrastructure in its villages.
Utilities
Warburg Pincus exits from its waste management investments in Australia
Warburg Pincus sells off its shares in Transapacific Industries Group. Warburg Pincus, the private equity firm, is selling off its shareholdings in the Australian waste management company Transpacific Industries Group.
Essar Group plans bids for water infrastructure projects
Essar Group planned to bid for water projects in India. The Essar Group said it intended to make bids for various water projects in India. Essar Concessions India Ltd Chief Executive Officer Neeraj Sanghi said they planned to bid for water distribution and sewage plants and desalination facilities.
Li eyes Europe for more buyouts
Hong Kong billionaire Li Ka-shing was reportedly amassing funds from divestment in preparation for strategic acquisitions in Europe.
Authorities announce delay of Fukushima nuclear plant cleanup
Japanese authorities said the cleanup of the Fukushima nuclear plant would not be completed next year as originally scheduled.
Latest News
Royal Mail shares, criticized to be valued too low, had netted hefty profits for its investors. The Abu Dhabi and Kuwaiti sovereign wealth funds have respectively reported a profit of USD30 million each from their investments made in the recently sold UK Royal Mail.
Tokyo Electric's debtors allow debt roll over for the stricken power utility firm. Twenty eight financial institutions, including Sumitomo Mitsui Banking Corp have agreed to roll nearly a JPY77 billion or USD783 million syndicated loan for Tokyo Electric Power Co due to become mature by month's end.
Shares of Royal Mail Group Ltd experienced a 38% increase after its debut on the London Stock Exchange.
The Guardian said the British government might increase the 30% Royal Mail share allocation it would be selling to small and public investors.
Xylem appointed H Balasubramaniam as the company's managing director for its India operations. Xylem Inc was born as a spin off from ITT Corp. Xylem is a water technology company and it announced the appointment of General Electric executive H.
Washington-based Carlyle Group could possibly sell its shares in Turkey's Medical Park and Saudi Arabia's General Lighting.
A BRL 300 million investment would be done GIC Pte in Aegea Saneamento e Participacoes SA. The Singaporean state fund GIC Pte had entered into an agreement that an investment worth BRL300 million or USD135 million in a Brazilian utility firm.
German newspaper Stuttgarter Zeitung said on Wednesday that utility company EnBW would be buying Italian energy company Eni's stake in the German natural gas transmission networks they co-owned.
Despite an ownership dispute, Electricite de France (EDF) said it was in exclusive discussions with Dalkia France for the purchase of urban lighting firm Citelum.
