EnServe Group confirmed it has sold Inenco Group, its Energy division, to Vitruvian Partners in a bid to reduce its bank debt and to invest in its remaining divisions.
Energy
REC spins off unit for US$133 million
Renewable Energy Corp ASA (REC)announced plans to spin off a business unit for US$133 million. Renewable Energy Corp ASA (REC) announced that the company plans to spin off its solar unit in a deal that was valued at US$133 million or NOK800 million.
Softbank partners with Bloom to sell fuel cells in Japan
Softbank enters into a joint venture with Bloom to distribute hydrogen and bio-fuel cells in Japan.
I Squared Capital looking to raise US$2 billion
I Squared Capital opened a US$2 billion fund which will be used to invest in energy, utilities and transportation.
UK residents near EDF nuclear plant to receive GBP128 million
UK towns near Electricite de France SA's new nuclear power station would get up to GBP128 million as benefit from the government.
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PetroSA was said to be considering the possibility of buying Petronas' controlling stake in Engen.
Invis Energy raised Eur160 million from NorddeutscheLandesbank and DNB Bank for a 42.8 megawatt wind farm in Ireland.
Zambia would invest US$410 million to build an oil refinery that could lower the fuel costs. Christopher Yaluma, Zambia's Mines and Energy Minister, stated that the country planned to build an oil refinery worth US$410 million.
APA group presented its offer to buy the rest of Envestra, which it already owns 33% of. APA Group offered to purchase the rest of Envestra Ltd. for about AUD1.
EQT Corp announced the sale of its Sunrise pipeline unit to EQT Midstream Partners LP EQT Corp announced the sale of their Sunrise pipeline unit to EQT Midstream Partners LP.
Forest Oil Corp would sell its oil and natural gas fields in Texas Panhandle worth US$1 billion. Forest Oil Corp intended to sell its oil and natural gas fields that could be found in Texas Panhandle.
Lowth, current CFO AstraZeneca, will leave this October to become the CFO and Executive Director of BG Group
The South African investment company bought 75% of Egoli Gas through a deal completed in April. South African investment company Reatile Group completed in April a deal to purchase 75% of Egoli Gas Ltd.
India’s government chooses five banks to administer the sale of its stake in Indian Oil Corp. The Indian government chose five banks that include the local units of HSBC Holdings and Citigroup Inc to administer the sale of its 10% stake in Indian Oil Corp.
