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Mergers & Acquisitions | 28 February 2012

ONGC, GAIL May Bid For Cove Energy

by Irfan Khan
 
@irfan
ONGC and GAIL are planning to outbid Royal Dutch Shell and Thailand's PTTEP with a $2Bn offer for UK's Cove Energy.

Royal Dutch Shell has offered to buy Cove Energy Plc for $1.6Bn. Shell is offering 195 pence for each Cove share, read this.

Cove put itself up for sale last month after reporting one of the world’s largest gas discoveries in a decade off Mozambique. Standard Chartered Bank and Cenkos Securities Plc are advising Cove on the sale.

National Engineering To Expand Internationally Through Acquisitions

National Engineering Industries Ltd, a C K Birla group company is looking for foreign acquisitions to focus on international market.

Read More...

GE Energy Invests In Atria's Wind Power Projects

GE Energy Financial Services has invested an undisclosed amount picking up equity stake in three wind power projects being developed by Atria Power Corporation Limited.

Read More...
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