Iberdrola to buy Scottish Power for 11.6 billion pounds
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Scottish Power has accepted a takeover bid worth 11.6 billion pounds from Spain's second-biggest power company Iberdrola, a move that is set to create Europe's third biggest utility group.
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A renewable energy system built in the Highlands is to be tried out in the sea off Orkney.
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Dynegy Inc., owner of power plants in 12 US states, has agreed to buy Sithe Energies Inc. from Exelon Corp. for $135 million, the first acquisition since the company began selling assets to repay debt in 2002.
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Exelon, the US energy group, is in advanced talks to buy the Public Service Enterprise Group (PSEG) for about $12bn in stock, according to people familiar with the talks.
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Spanish power firm Iberdrola is expanding into the US by buying Energy East Corp for $4.5bn.
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SPAINâS Santander Central Hispano is to sell up to 79 million shares in Royal Bank of Scotland, and said it will end cross-directorships with RBS if its bid for Abbey National is successful.
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Statoil said today that it had agreed to buy Norsk Hydro for about $28 billion in stock.
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POWER group United Utilities is to sell its green energy assets in Australia to Novera Macquarie Renewable Energy. The deal, worth Â£63m, is for 40 green energy projects, with a total generating capacity of
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LONDON Banco Santander Central Hispano, Spain&#39;s biggest bank, said Thursday that it was selling as much as Â£1.26 billion of shares in Royal Bank of Scotland Group, scaling back its 16-year partnership with the British bank as it seeks to buy Abbey
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Exelon Corp., owner of the largest power companies in Illinois and Pennsylvania, agreed to buy New Jersey&#39;s Public Service Enterprise Group Inc.
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General Motors Corp.  on Thursday  said it reached a deal to sell its Allison Transmission unit  for $5.6 billion to private-equity firms Carlyle Group and Onex  Corp.
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Finnish energy concerns announced Friday a $680-million-US deal to buy hydroelectricity from Norway's E-CO Vannkraft during the next 15 years.
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Iberdrola shares lost about 2 percent on  Tuesday after the Spanish power group said it would buy U.S.  Energy East Corp. for $4.5 billion and that the acquisition  would add to earnings from year one.
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An investment group is expected to announce Monday that it has struck a deal to buy British water utility AWG PLC  for about $4.12 billion (2.2 billion pounds, a source familiar with the situation told Reuters on Sunday.
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German industrial conglomerate MAN AG   will offer cash and shares to buy Scania AB (SCVb.ST)  in a bid that values the Swedish truckmaker at 9.6 billion  euros ($12.2 billion) in total, MAN said early on Monday.
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Harmony Gold Mining Company yesterday bought a 10.8% stake in Gold Fields in the first phase of its $6.6bn (Â£3.5bn) takeover bid.
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MADRID/LONDON  - Spain's Iberdrola has bid 11.6 billion pounds ($22.5 billion) in cash and shares for Scottish Power to create Europe's third-biggest utility and a world leader in renewable energy.