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Canadas Algonquin Power to buy Missouri-based Empire District for $2.4bn

2016-02-10 01:00:00| Power Technology

Canadian-based renewable energy and regulated utility Algonquin Power & Utilities (APUC) has agreed to acquire Empire District Electric Company in Missouri for approximately $2.4bn.

Tags: buy power district empire

Melrose to return A 2.4bn to shareholders following Elster disposal

2015-12-29 15:19:57| Chemicals - Topix.net

Melrose Industries said it has completed the A 3.3bn disposal of its Elster business to Honeywell International and announced the proposed return of around A 2.4bn in cash to shareholders, equivalent to 240p per ordinary share. Melrose agreed the disposal with Honeywell in July and announced in October its intention to return a large part of the net sale proceeds from the disposal to shareholders after completion and to carry out an associated share capital consolidation.

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United Kingdom: Half of 24bn nuclear reactor investment will go to overseas suppliers

2015-12-06 18:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: More than half of the 24bn expected to be spent on the first British nuclear reactors for two decades could go abroad to foreign suppliers, a leading UK academic and government adviser has warned. The issue is of extreme political sensitivity because George Osborne has already faced criticism for providing huge subsidies to Hinkley, which is being developed by EDF Energy of France. George Osborne puts UK at the heart of global race for mini-nuclear reactors Read more It will be seriously tough...

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PetroChina to divest 50% stake in Trans-Asia Gas Pipeline unit for $2.4bn

2015-11-26 01:00:00| Hydrocarbons Technology

Chinese state-controlled oil company PetroChina has announced plans to sell a 50% stake in its Trans-Asia Gas Pipeline subsidiary to China Reform Holding unit for CNY15.5bn ($2.4bn).

Tags: unit gas stake pipeline