Reliant Energy to buy Dutch firm UNA

Article Abstract:

Reliant Energy Inc. has reached an agreement to acquire NV Energieproduktiebedrijf UNA over a seven-year period. Reliant will spend up to $2.4 billion over that period to takeover one of the largest power firms in the Netherlands. The move signals Reliant's entry into the electricity markets in Europe. The first stage of the deal will involve Reliant's purchase of 40% of UNA for $900 million.

Comment:

Reliant Energy to acquire UNA over a seven-year period for $2.4 billion

United States, Netherlands, Electric Utilities, Electric Power Generation, Transmission and Distribution, Foreign operations, Electric services, Abstract, CenterPoint Energy Inc., NV Energieproductiebedrijf UNA

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Montedison board comes out swinging

Article Abstract:

Montedison SpA said that Fiat SpA's hostile takeover bid was too low. Fiat has made a hostile bid of 5 billion euros for Montedison as Mediobanca SpA attempts to prevent a hostile acquisition.

Italy, Commercial Banks, Commercial Banking, Motor vehicles and car bodies, Chemicals & Allied Products, Chemical Manufacturing, Motor Vehicles, Automobile and Light Duty Motor Vehicle Manufacturing, CHEMICALS AND ALLIED PRODUCTS, Banking industry, Planning, Chemicals, Automobile industry, Chemical industry, Fiat S.p.A., Montedison S.p.A., Mediobanca S.p.A.

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