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.
Energy
KrisEnergy look to earn SGD270 million in its IPO
KrisEnergy revealed that it its looking to raise more than SGD270 million in its market debut. KrisEnergy Ltd is looking to receive up to SGD270 million in net proceeds in its initial public offering.
Spain power reforms to cost energy corporations Eur2.7 billion
The power reforms implemented by Prime Minister Mariano Rajoy would cost utilities approximately Eur2.7 billion.
Deals of the day - bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on Friday. The following bids, mergers, acquisitions and disposals were reported on Friday.
IBK Capital acquires shares in Noble Mineral
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.
Latest News
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.
Samin Tan agreed to buy Bumi Plc shares for US$223 million Coal tycoon Samin Tan has agreed to a US $223 million deal that would elevate his stakes in Bumi Plc to over 47%.
Schneider Electric announced that they are in early talks to buy Invensys for US$5billion. Schneider Electric announced that they are in early talks to buy Invensys Plc.
Sinosteel was in talks with Nigerian ministers for about US$6 million worth investment in Nigerian steel mill.
Russia announced that it would lift its oil exports in Asia and consequently decrease the distribution for Europe.
