Latest news
Greece: Public Power Corp announced a profit decline hit by one-off charges
The first-half net profit of Greece’s Public Power Corp (PPC) fell by 75% as one-off charges outweighed its sale of power grid operator ADMIE.
read more... 28/09/2017
CEZ holds out for a better price in the sale of Bulgarian assets
Czech utility CEZ plans to sell its Bulgarian assets, for which 5 bidders were shortlisted. The company should settle on a transaction by the end of the year, or in case it cannot obtain the right price, it might scrap it, as told by a board member to Reuters. The names of the bidders were not disclosed, but it is said that the firms had experience in the Balkans, as announced by Tomas Pleskac.
read more... 28/09/2017
Two investors shortlisted for Greece gas grid DESFA sale
Greece's privatisation agency (HRADF) selected two bidders on Friday for a 66 percent stake in the state natural gas grid operator DESFA.
read more... 25/09/2017
Premier Oil: A stake in North Sea gas field for sale
The Premier Oil company intends to find a buyer for a half of its stake in the Babbage gas field, in the North Sea, pursuing the idea of reducing the debts accumulated at the time when the crisis hit the oil market.
read more... 15/09/2017
World’s largest wind turbine producer says “Goodbye” to the oil industry
Denmark is getting rid of its last oil company as the petroleum age is slowly dying out. The most recent deals is the acquiring of Maersk Oil by the French giant Total for $7.45 which follows the sale of Dong Energy’s North Sea oil and gas production to Ineos AG.
read more... 30/08/2017