Shareholder news and technical articles from Power Engineering International. Search Shareholder latest and archived news and articles
… acquires 90 per cent stake in Converteam for $3.2bn GE Energy has agreed to buy 90 per cent of Converteam from a controlling shareholder group that includes management, Barclays Private Equity and LBO France, for $3.2bn. The transaction is expected to …
… programme in real-time business intelligence. Simon Coombs, Capula Ltd, UK The aim of every business is to maximize shareholder value; in the power industry this is achieved through operating reliable plant safely and efficiently. In addition, environmental …
… million. The electricity and water group is seeking to increase shareholder value by restructuring its business into three distinct ..... taken a number of steps to sharpen our focus on improving shareholder value. These include restructuring into three divisions …
… debt restructuring following the agreement of its largest shareholder Italenergia backed by Electricité de France (EdF). Financial ..... 964.3m) subordinated loan to be backed by Italenergia shareholder EdF. The funding is part of a €4bn restructuring at Italy …
… energy affiliate Edison SpA. It had been expected to call a shareholder meeting but instead issued a rejection of the 5 bn Euro bid ..... had been calculated incorrectly and that the request for a shareholder meeting lacked the necessary paperwork. On Tuesday, Fiat …
… Tractebel moves on: Belgian utility holding company has expressed its desire to remain at arm`s length with its majority shareholder , Suez Lyonnaise des Eaux. It has set up a committee to ensure constructive dialogue between the parties. Outgoing CEO …
… buyback German utility RWE has announced plans to buy back up to ten per cent of its capital stock. The group will seek shareholder approval in November to buy back 55m preference shares. It will also initiate a strategic re-orientation to focus its …
… Electrabel said on Thursday it had agreed to buy the European assets of Tractebel, its fellow Belgian power utility and shareholder , for 590 million Euro ($507 million). The move simplifies the relationship between the two companies and is …
… company's decision to back Dynegy Inc.'s proposed buyout of troubled energy marketer Enron Corp., despite a raft of shareholder lawsuits filed against Enron. The litigation is "high on our radar scope," O'Reilly said, and the company is paying …
Tractebel trouble Baron Philippe Bodson has been given an ultimatum to step down as chief executive officer of Tractebel, the Belgian energy group. Suez Lyonnaise, the major shareholder in the company has ordered Bodson to step down or be ousted.
