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Brookfield Renewable sells wind assets to NextEra, Orsted

Brookfield Renewable sells wind assets to NextEra, Orsted
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Bidding war may break out for Toshiba; more business reform likely

Bidding war may break out for Toshiba; more business reform likely Today 06:00 am JST Today | 06:24 am JST TOKYO With a recent buyout offer for Toshiba Corp from a British private equity firm apparently hitting a snag, a bidding war involving other investors may break out for the Japanese industrial conglomerate, industry experts say. Investor interest in the growth potential of some of Toshiba s businesses, such as chip-making and infrastructure systems, means the company is likely to face continued pressure to streamline its wide-ranging operations, they say. Toshiba s management rift widened after CVC Capital Partners made a buyout offer worth over $20 billion, leading its board members to believe the former president and CEO Nobuaki Kurumatani, once a CVC executive, was pulling strings to fend off pressure from activist shareholders.

Bidding war may break out for Toshiba after buyout hits a snag

Apr 17, 2021 With a recent buyout offer for Toshiba Corp. from a British private equity firm apparently hitting a snag, a bidding war involving other investors may break out for the industrial conglomerate, industry experts say. Investor interest in the growth potential of some of Toshiba’s businesses, such as chipmaking and infrastructure systems, means the company is likely to face continued pressure to streamline its wide-ranging operations, they say. Toshiba’s management rift widened after CVC Capital Partners made a buyout offer worth over $20 billion (about ¥2.18 trillion), leading its board members to believe president and CEO Nobuaki Kurumatani, once a CVC executive, was pulling strings to fend off pressure from activist shareholders.

Brookfield Sells Wind Business Worth €571M To Orsted

ADVERTISEMENT ADVERTISEMENT Brookfield Sells Wind Business Worth €571M To Orsted Law360 (April 16, 2021, 4:11 PM EDT) Orsted said Friday it is buying the Ireland and United Kingdom onshore wind business of a Brookfield Asset Management Inc. unit valued at €571 million (about $684 million), in a deal bringing the Danish energy company into the onshore renewable energy sector in Europe. Orsted A/S said in a statement its deal for Brookfield Renewable Ireland, or BRI, gives it a portfolio of 389 megawatts in operation and under construction, 149 MW in advanced development and a pipeline of 1 gigawatt of wind power under development in the two countries.

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