30% of Kelda Group is to be sold off by its owners, Infracapital and Citi infrastructure. The sale of a 30% stake in Kelda Group jointly owned by Infracapital and Citi Infrastructure would get a windfall of nearly GBP2.
Utilities
LA Utility Seeking Bidders for Solar Power Developers
LA Utility seeking bidders for 250 MW solar power project that complies with state regulations on renewable energy.
XD Group of China to Buy GE Stake
The XD Group of China in discussions as to purchase of GE stake in Mexico. The state controlled power equipment manufacturer China XD Group is in discussion to purchase General Electric Co's shares in its joint venture with Xignux SA of Mexico.
JP Morgan Sells off Power Marketing Rights in California
JP Morgan sells off power marketing rights amidst allegations of price manipulation in California and Michigan.
Nigeria to Sell Eurobonds
Nigeria is preparing to sell nearly US$1 billion of Eurobonds. According to Nigerian Finance Minister Ngozi Okonjo-Iweala, Nigeria is planning to sell US$1 billion worth of Eurobonds.
Latest News
Ista to sell bonds to cover sale by CVC Capital. Ista International would be selling bonds to help CVC Capital Partners' Eur3. 1 billion or US$4. 1 billion buyout of the German metering company.
Alupar IPO in Sao Paulo raises nearly US$421 million. The Brazilian electricity transmission and generation company, Alupar Investimento SA had raised nearly US$421 million in the first initial public offering in South America, It is the first utility to do so since the Lehman Brothers bankruptcy in 2008.
Myrtah Energy has chosen Morgan Stanley and Standard Chartered for its IPO. Mytrah Energy Ltd has chosen the banks to lead its business trust offering.
Tohiba and SunEdison have entered into an agreement to build megasolar plants. Toshiba Corp and a unit of MEMC Electronic Materials Inc, SunEdison have entered into an agreement to build solar power plants in Japan.
Clairevest Group and its affiliate partners have invested in County Waste of Virginia. It was announced that Clairevest Group Inc. (Clairevest), Clairevest Equity Partners IV-A Limited Partnership and Clairevest Equity Partners IV Limited Partnership put together US$15 million to invest into Virginia's County Waste.
French transport group Veolia Transdev expects to earn at least 1.3 billion pounds from the sale of assets it had put on sale in Germany, Belgium, Finland and Sweden.
Veolia's divestment program sells off its water and wastewater concessions to Beijing Enterprises Water Group Ltd.
With infrastructure demand at an all time high, there are still many pitfalls that investors face when putting their money into Southeast Asia.
Saudi Electric would float new sukuk bonds through two banks. The Gulf region's largest utility company, Saudi Electricity Co has chosen two banks to schedule meetings with fixed income investors from Europe and North America for possible debt agreements.
