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Toshiba mulls rejecting buyout offer, a day after CEO linked with bidder quit Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Toshiba Corp. is considering rejecting a buyout offer from CVC Capital Partners, sources said, raising the possibility of a hostile takeover bid. | BLOOMBERG
Kyodo Apr 16, 2021
Toshiba Corp. is considering rejecting a buyout offer from British private equity firm CVC Capital Partners as the Japanese industrial conglomerate seeks to remain listed, sources close to the matter said Thursday.
Senior Toshiba officials have told the company’s creditor banks that the electronics and infrastructure firm is opposed to CVC’s buyout plan worth over ¥2 trillion, and have asked them not to provide funding to the private equity firm for the planned acquisition, the sources said.
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OTTAWA Mark Carney, who has led central banks in two Group of Seven nations, may be running out of time to enter politics in his native Canada and become a contender to replace Prime Minister Justin Trudeau.
Speculation is rising inside the ruling Liberal Party that Carney may be seeking to position himself as a successor to Trudeau, who has governed Canada since 2015. Winning a seat in the House of Commons is seen as a required first step, as the Liberals have rarely chosen a leader from outside its ranks in the past century.
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Brookfield Sells Wind Business Worth €571M To Ørsted
Law360 (April 16, 2021, 4:11 PM EDT) Ørsted 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.
Ørsted 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.
Foreigners favour revenue-rich energy assets over tourism and entertainment.
RIYADH: Saudi Arabia is celebrating one of the biggest foreign-investment windfalls in its history after netting more than US$12bil (RM50bil) by selling off a stake in the oil pipelines that traverse the desert kingdom.
But the country may also be facing an uncomfortable reality as a result. As carefully cultivated relationships with firms such as BlackRock Inc and SoftBank Group Corp have yet to draw in the desired investment, it’s turning to the jewels of its energy industry to attract new money.
The sale of the stake to EIG Global Energy Partners LLC shows how reliant Saudi Arabia is on its traditional mainstay and the challenges Crown Prince Mohammed bin Salman faces in diversifying the country away from oil and gas to achieve his Vision 2030 goal.