The following bids, mergers, acquisitions and disposals were reported on Friday. The following bids, mergers, acquisitions and disposals were reported on Friday.
Energy
Lowth to Replace Jones as CFO of BG Group
Lowth, current CFO AstraZeneca, will leave this October to become the CFO and Executive Director of BG Group
Reatile Group acquires Egoli Gas
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 picks five banks to supervise sale of Indian Oil shares
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.
China to add 10GW solar power over the next 3 years
China planned to add 10GW solar power annually over the next 3 years. China will be adding 10GW of solar power annually for the next 3 years, said a statement from the State Council.
Latest News
IBK Capital Corp announced that they have acquired shares in Noble Mineral Exploration Inc. IBK Capital Corp. announced that they acquired ownership of over 240,000 common shares of Noble Mineral Exploration Inc.
The Energy Regulatory Commission said that the country needs to improve its energy sector. Kenya's energy regulation agency said today that the country will increase its efforts in improving its investment climate.
Bloomberg New Energy Finance reported that investments in the renewable energy sector increased except in the European region.
Eskom Holdings SOC Ltd would face US$25 billion funding gap even if it put its bonds on sale. Over the next five years, Eskom Holdings SOC Ltd would face US$25 billion funding gap.
Direct Energy announced that they have reached an agreement to acquire Bounce Energy for US$46 million
Pacific Potash engaged Ocean Capital's services to secure funds. Pacific Potash Corp. announced that it has engaged the services of Ocean Capital Inc.
Centrica's subsidiary,Direct Energy, has agreed to acquire Bounce Energy. Centrica PLC's subsidiary, Direct Energy, agreed to acquire Bounce Energy for US$46 million in cash.
Today, The Eads Company announced completion of its acquisition transaction for Oklahoma based Jatasco Inc.
Jones Energy Inc announced today commencement of an initial public offering for 14,000,000 shares to be listed on the New York Stock Exchange.
