Jefferson County finally reached settlement for its debts with seven hedge funds including JPMorgan Chase & Co.
Utilities
Marubeni Leaves Energy Arm In Gavilon’s Deal
Japan’s Marubeni said that it will leave Gavilon’s energy arm from the proposed takeover deal. (Photo : REUTERS)Logo of Marubeni Corp is seen at the company's head office in Tokyo Marubeni Corp, a Japanese trading house states that it will cut its planned takeover deal over Gavilon's energy business.
Severn Trent Rejects Increased US$8.2 Billion Takeover Bid
Severn Trent rejected the raised bid from LongRiver consortium. (Photo : Reuters)The image is the corporate logo of Severn Trent Services. Severn Trent, a British water firm rejected the increased US$8.
Marubeni Set to Takeover Gavilon's Energy Division
Marubeni Corp. is in advanced discussions to takeover Gavilon's energy division at US$5.6 billion.
LongRivers Partners to make new bid for Severn Trent
LongRivers Partners to make a new bid for water utilities firm Severn Trent Plc. (Photo : Reuters)The image is the profile of a water faucet. Severn Trent Plc, the United Kingdom's second biggest publicly traded water utility, would receive an improved bid from an infrastructure investor from Canada and the sovereign wealth fund of Kuwait.
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Skyline Innovations announced mezzanine financing round worth US$2 million. The national leader in solar water heating financing and installation, Skyline Innovations Inc.
TECO Energy and Continental Energy agrees to purchase New Mexico Gas Co. In an announcement, TECO Energy Inc had said it had entered into a stock purchase agreement with Continental Energy Systems LLC and its unit, New Mexico Gas Intermediate Inc.
BEH sets meeting for possible investors for its Eur250 million bond issue. Reuters reported that the biggest energy holdings firm of Bulgaria, BEH, will be sitting down with possible investors in its EUR250 million or US$321.
Nebras Power would invest overseas. Qatar has created a US$1 billion investment firm to expand its businesses in Barclays Plc to power and water assets in foreign countries.
Congo's Inga 3 project has received commitments to be built to address current shortfalls and future rising demand for electricity in Africa.
China's State Grid Corp purchases 19.9% shareholdings in SP AusNet for US$802 million. In an announcement, the State Grid Corp of China is purchasing shareholdings in an Australian electricity network company.
The water utilities firm Severn Trent declines the takeover offers but advises deadline as to formal bids.
Inter RAO Lietuva AB reported loss for 2013 first quarter post IPO. Since its trading on the Warsaw bourse last December, Inter RAO Lietuva AB share values has slumped since it reported a 52% drop in its 2013 first quarter.
General Lighting Co would be doing IPO at Saudi Arabian bourse. General Lighting Co is planning to sell off shares in the Saudi Arabian stock market. The company is a Saudi Arabian firm partly owned by the Carlyle Group and the sale would be the way that the private equity firm would be exiting its shareholdings in the firm.
