Acciona SA, the Spanish construction company that has built more than 70 desalination plants globally, won a 50 million-euro ($66 million) contract to design and build Gabon’s biggest drinking water-treatment plant.
Sub-Saharan African nations outside South Africa are selling $7 billion of debt this year, more than in the past five years combined, as yields more than double those of Treasuries lure investors repelled in the past by violence and corruption.
Trafigura Beheer BV bought a second cargo of North Sea Forties crude in as many days as the differential narrowed to the least in almost a week. Vitol Group sold Russian Urals grade at the smallest discount in more than eight months, in the Mediterranean.
Vivendi SA, the French company seeking to reorganize its telecommunications-to-media structure, is targeting a completion of the sale of its Maroc Telecom SA stake by October, according to people familiar with the matter.
Cobalt International Energy Inc., the oil explorer that doubled in value since going public in 2009, is turning into a takeover target for energy companies attracted to its oil finds from Africa to the Gulf of Mexico.
Olam International Ltd., the commodity trader targeted by short-seller Carson Block, said it will cut spending and sell assets to boost cash while warning it will miss a $1 billion profit target set for 2016.