Energy Italy’s Enel in talks to sell Brazilian power distributor for $2bn Italy’s Enel SpA is in talks to sell its Brazilian power distributor company Celg-D in a deal that may reach $2 billion, four sources with knowledge of the matter said. Celg-D distributes power in the Brazilian centre-west state of Goias and serves 3.27 million customers. The sources said companies interested in acquiring Celg-D include Brazilian rivals […] April 25, 2022
Energy Iran Guards ‘seize foreign ship’ in Gulf for smuggling fuel Iran’s elite Revolutionary Guards have seized a foreign vessel in the Gulf for smuggling 200,000 litres of fuel, a senior Guards commander told the semi-official Fars news agency on Sunday. “The ship was seized in the northern part of the Persian Gulf. Its eight crew have been handed over to legal authorities in the southern […] April 24, 2022
Energy Dubai utility DEWA to raise $6.1 billion in biggest Gulf IPO since 2019 DEWA will add to growing volume from issuers in the Gulf, where $3.5 billion has been raised from IPOs this year, data from Refinitiv shows, exceeding European listings even as global markets remain volatile after Russia’s invasion of Ukraine. Dubai’s deputy ruler and finance minister Sheikh Maktoum Bin Mohammed said in a tweet that DEWA […] April 6, 2022
