Author: PageOne

Shell looks to buy stake in Fourth Partner Energy
Global

Shell looks to buy stake in Fourth Partner Energy

Latest reports by Reuters News suggest Shell is looking to buy a ‘significant stake’ in Fourth Partner Energy, a rooftop solar power firm, and may even acquire it New Delhi: Royal Dutch Shell Plc, the world’s second-biggest publicly traded oil company, plans to acquire a majority stake in Hyderabad-based rooftop […]

Barclays Africa made £2.5 billion loss on stake sale
Global

Barclays Africa made £2.5 billion loss on stake sale

UK’s largest lender and financial services group, Barclays has finally come clean on its Barclays Africa sell-off. Barclays, apparently UK’s largest lender with about $1.50 trillion in asset said it booked losses totaling about £2.5 billion in the sale of its Barclays Africa. The company said in its annual report […]

Shell gets EU go-ahead to acquire First Utility
Energy

Shell gets EU go-ahead to acquire First Utility

Shell has received the go-ahead of the European Commission for the proposed acquisition of First Utility. It would be recalled that in December, Shell released a statement that said it will buy 100 percent of independent energy provider, First Utility. It said at the time that the deal was set […]

LafargeHolcim invests $213 million in India
Global

LafargeHolcim invests $213 million in India

LafargeHolcim said it will spend additional $213 million on its business in India with the construction of a new cement plant in the state of Rajasthan in the North of the country. The CHF 200 million investment will serve customers in the North, including Delhi. Jan Jenisch, Group CEO of […]

Fidessa agrees to acquisition terms with Temenos
Global

Fidessa agrees to acquisition terms with Temenos

Temenos and Fidessa have today reached an agreement on the terms of a recommended all-cash acquisition by Temenos, through its wholly-owned subsidiary Temenos Holdings UK Limited. The deal is to acquire the entire issued and to be issued ordinary share capital of Fidessa. Fidessa and Temenos are two leading providers […]