NEW YORK U.S. power utility DTE Energy Co is nearing a deal to acquire gas pipeline system M5 Midstream LLC for about $2.5 billion, expanding its business that's not tied to electricity provision, people familiar with the matter said on Thursday.
NEW YORK Private equity house Abry Partners is working with an investment bank to sell its majority stake in Hilb Group, in a deal that is expected to value the insurance broker at more than $1 billion including debt, sources familiar with the matter said on Tuesday.
Oct 4 Occidental Petroleum Corp has put
plans to divest part of its ownership in pipeline operator
Western Midstream Partners on hold until next year,
after failing to attract an offer it deemed attractive, people
familiar with the matter said on Friday.
HOUSTON/NEW YORK Jefferies Financial Group has laid off 15 people in its energy investment banking team, as the bank reacts to a slowdown of mergers and acquisitions activity among oil and gas companies, sources familiar with the matter said on Friday.
Sept 19 Citigroup Inc has hired former
Credit Suisse Group AG banker Hamish Summerfield as its
global head of asset management investment banking, according to
an internal memo reviewed by Reuters.
HONG KONG/LONDON/NEW YORK The London Stock Exchange's board will meet in coming days to decide on the Hong Kong bourse's surprise $39 billion takeover proposal, a source close to the British company said on Thursday, as the market poured cold water on the deal.
Spanish oil giant Repsol SA is in advanced talks to acquire some deepwater assets in the U.S. Gulf of Mexico from Exxon Mobil Corp for about $1 billion, three people familiar with the matter said on Monday.
MILAN/LONDON/NEW YORK Italy's Snam is working on a bid for a stake in a $6 billion natural gas pipeline in the United States in what would be the gas group's first foray outside Europe, four sources told Reuters.
Goldman Sachs Group Inc's buyout arm is exploring the sale of Safe-Guard Products International LLC, which could value the auto warranty company at more than $1 billion, including debt, people familiar with the matter said on Wednesday.