Chubu Electric Power Co. is in advanced talks to buy a stake in India’s Continuum Green Energy Ltd. at a valuation of at least $1 billion, according to people familiar with the matter. The Japanese power developer is nearing a deal to buy about $150 million to $200 million of new shares in Continuum, the people said, asking not to be identified because the information isn’t public. That would amou...
Chubu Electric Power Co. is in advanced talks to buy a stake in India’s Continuum Green Energy Ltd. at a valuation of at least $1 billion, according to people familiar with the matter. The Japanese power developer is nearing a deal to buy about $150 million to $200 million of new shares in Continuum, the people said, asking not to be identified because the information isn’t public. That would amount to a stake of about 15% in the renewable energy company, one of the people said. A deal could be signed before the end of May, another person said. Discussions are ongoing and no final decision has been made, the people said, adding that Mumbai-based Continuum might decide against a stake sale. A spokesperson for Chubu Electric said nothing has been decided. Continuum didn’t respond to requests for comments. Continuum was planning for an initial public offering last year after British specialist investment fund Just Climate LLP agreed to invest $150 million in 2024. The current regulatory approval for the IPO will lapse in April, and Continuum has paused its plans for it, the people familiar said. Founded in 2009, Continuum supplies green power to commercial and industrial consumers and owns a portfolio of 4.7 gigawatts, including operational and under construction, its website shows. If the Chubu Electric deal goes through, Continuum will use the funds for small acquisitions and to grow organically, one of the people said.
Iran Floats Joint Oil Investment, Sanctions Rollback Wish-List Ahead Of Next US Talks The Trump administration may have finally blinked, also knowing that yet another US-led war in the Middle East remains deeply unpopular among the American people. No attacks have come this weekend, as some were predicting last week, as President Trump appears to be exercising some level of patience and restraint ...
Iran Floats Joint Oil Investment, Sanctions Rollback Wish-List Ahead Of Next US Talks The Trump administration may have finally blinked, also knowing that yet another US-led war in the Middle East remains deeply unpopular among the American people. No attacks have come this weekend, as some were predicting last week, as President Trump appears to be exercising some level of patience and restraint , for now at least. "Iran has indicated it is prepared to make concessions on its nuclear program in talks with the U.S. in return for the lifting of sanctions and recognition of its right to enrich uranium, as it seeks to avert a U.S. attack," Reuters is freshly reporting. Tehran has said from the start of Trump's military pressure campaign that it's willing for serious negotiations centered on its nuclear program, but that it cannot ever abandon or limit its formidable ballistic missile arsenal : However, Reuters is reporting for the first time that Iran is offering fresh concessions since their talks ended last week, when the sides appeared far apart and heading closer to military conflict. Analysts say the move suggests Tehran is trying to keep diplomacy alive and stave off a major U.S. strike. The official said Tehran would seriously consider a combination of sending half of its most highly enriched uranium abroad, diluting the rest and taking part in creating a regional enrichment consortium - an idea periodically raised in years of Iran-linked diplomacy. Iran would do this in return for U.S. recognition of Iran's right to "peaceful nuclear enrichment" under a deal that would also include lifting economic sanctions, the official said. Russia has already offered to do just this, and China too could potentially play a role in receiving Iran's enriched uranium. It looks like a US attack is unlikely even in this coming week as well given that "U.S. and Iranian negotiators are expected to meet in Geneva on Thursday to discuss a detailed Iranian proposal for a nuclear deal....
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