Kuwait’s sovereign wealth fund and a Canadian infrastructure investor are discussing a bid for Severn Trent Plc, the U.K.’s second-largest publicly traded water company that’s valued at almost 5 billion pounds ($7.6 billion).
Sam Laidlaw is using three decades of oil and gas drilling experience to make Centrica Plc, the U.K.’s largest utility, a competitor in the North Sea, a region where Exxon Mobil Corp. and BP Plc are selling assets.
E.ON AG and RWE AG , Germany’s two biggest operators of atomic plants, will pay the price for Chancellor Angela Merkel ’s about-face on nuclear power when they become liable for all their carbon emissions in 2013.
RWE AG, Germany’s second-largest utility, is working with Deutsche Bank AG to explore the sale of all or part of its oil and natural gas exploration unit, said three people with knowledge of the process.
Enel Green Power SpA is struggling to lure investors to its 3.4 billion-euro ($4.7 billion) initial public offering, Italy’s biggest in more than a decade, because they say the price is too high compared with competitors.
Enel SpA cut the valuation of the renewable energy unit it’s selling in an initial public offering to 8 billion euros ($11.1 billion) after money managers balked at the price because it was too high compared with competitors.