The Government of India has announced its intention to sell 11,168,139 shares in Bharat Electronics Limited, which represents a 5% stake.  

The minimum sale price is fixed at Rs1,498 ($22.32) a share, which will result in minimum proceeds of approximately Rs16.72bn($249.27m).

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JP Morgan Asset Management Inc has agreed to acquire Sweden-based district heating, electricity, residual energy producer Varmevarden AB from Capstone Infrastructure Corporation and Macquarie European Infrastructure Fund 2, which hold 33.3% and 66.7% stakes in the target company respectively.

JP Morgan Asset Management will complete the acquisition on behalf of its institutional investors, for a consideration of C$420.42m ($320.97m).

"JP Morgan Asset Management will complete the acquisition on behalf of investors for a consideration of $320.97m."

Macquarie European Infrastructure Fund II is based in the UK, whereas Capstone Infrastructure Corporation is based in Canada.

Canadian energy-efficiency solutions and technology company Kontrol Energy Corp has signed a letter of intent (LoI) to acquire Energy Engineering Company.

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Also based in Canada, the target company provides engineering services to industrial, municipal and commercial building owners.

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