CenterPoint Energy has entered a definitive merger agreement to acquire Vectren for a purchase consideration of approximately $8.5bn.
As part of the acquisition, the two entities will combine to form a new company called CenterPoint Energy, which will deliver electricity, natural gas and other energy services.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Vectren shareholders will receive $72 in cash for each CentrePoint Energy share held.
Both the companies involved in the transaction are electricity and natural gas firms based in the US.
CenterPoint Energy has engaged Goldman Sachs & Co as its financial advisor, and Akin Gump Strauss Hauer & Feld and Bingham Greenebaum Doll as legal advisors for the transaction.
Vectren has engaged the Bank of America Merrill Lynch as its financial advisor, while Baker Botts has been engaged as legal advisor.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataBoralex has reached an agreement with Ardain Infrastructure to acquire Kallista Energy Investment for a consideration of €129.4m ($159.99m).
The transaction also includes the assumption of €94m ($146.7m) project debt.
Boralex proposes to finance the transaction using a revolving credit facility.
Based in Canada, Boralex is engaged in renewable energy generation, while Ardain Infrastructure is a renewable energy company based in France.
Nexus Energia has reached an agreement with Cox Energy Solar to acquire a 40% stake in a Mexican electricity supplier.
Based in Spain, Nexus Energia provides electricity, natural gas and energy services, while Cox Energy Solar is engaged renewable energy generation.
Cox Energy will be able to provide differentiated services to its Mexican customers through the acquisition.
SunPower Corporation has reached an agreement with SolarWorld to acquire SolarWorld Americas.
SolarWorld is a solarpower solutions manufacturing and supplying company based in Germany.
SunPower plans to invest capital into the SolarWorld Americas facility and produce P-series solar panel modules.
Based in the US, SunPower Corporation is engaged in providing solar solutions and services, while SolarWorld Americas is engaged in solar panel manufacturing.
