Edition:
United Kingdom

Clara Denina

Renewables investor Berkeley hires JP Morgan to review options: sources

17 Apr 2019

LONDON The founders of renewables energy investor Berkeley Energy have hired U.S. investment bank JP Morgan to evaluate options, including a sale, for the company's investment funds, which could be worth around $500 million, banking sources said.

Aramco bonds' modest gains suggest demand was inflated - sources

10 Apr 2019

DUBAI/LONDON Saudi Aramco's debut $12 billion bonds booked at best modest gains on Wednesday, their first trading day after some $100 billion in orders, suggesting part of the record-breaking demand was inflated, three banking and investment sources said.

Field of prospective bidders for Dutch energy firm Eneco narrows: sources

03 Apr 2019

LONDON The field of prospective bidders for Dutch energy company Eneco has narrowed as initial interest from big electricity players including France's Engie and Austria's Verbund has fizzled out, sources close to the matter said.

Europe's share listings plumb 10-year low as companies seek alternatives

27 Mar 2019

LONDON European initial public offerings slumped to their lowest since the aftermath of the 2008 financial crisis in the first quarter of 2019, as uncertainty over Brexit and the U.S.- China trade dispute leaves companies not wanting to take their chances.

Wintershall DEA to mandate banks shortly, could speed up IPO plans - sources

19 Mar 2019

FRANKFURT/LONDON Wintershall DEA's owners are expected to shortly mandate banks for a bumper 2020 stock market listing of the European oil and gas company in a sign that the deal could take place earlier than anticipated, people close to the matter said.

Saipem joint venture push with U.S. drillers draws a blank: sources

15 Mar 2019

MILAN/LONDON Italian oil services company Saipem is trying to lure big U.S. rivals into joint ventures but has so far failed to secure deals for stakes in drilling operations valued at up to 1.5 billion euros ($1.7 billion), six sources told Reuters.

Payments processor Network International readies London listing

14 Mar 2019

LONDON Network International, the largest payment processing firm across the Middle East and Africa, plans to list on the London Stock Exchange, it said on Thursday.

Exclusive: Portugal's EDP could create Latam JV with China Three Gorges if takeover bid fails - sources

13 Mar 2019

LONDON/SAO PAULO Portugal's Energia de Portugal EDP could propose a joint venture with China Three Gorges (CTG) allowing CTG to expand its foothold in Brazil and Latin America if the Chinese power giant's bid to take over EDP fails, people familiar with the matter said.

World News