Latest news with #bidding
CNA
a day ago
- Business
- CNA
Exclusive-Kretinsky's EPH, Itochu among expected bidders for Energia, sources say
LONDON :Daniel Kretinsky-backed Czech energy group EPH and Japanese trading house Itochu are expected to make preliminary bids for Irish utility Energia Group, according to two sources with knowledge of the situation. Other expected bidders include investors Ardian, Asterion and CPP Investments, the people said. Itochu is expected to form a consortium and CPP Investments may team up with Britain's Octopus Energy, which it is an investor in, one of the people said. After being acquired by private equity firm I Squared for about $1 billion in 2016, a new sale could value Energia Group at more than 2 billion euros ($2.27 billion) including debt, the sources and a third one said. Non-binding offers are due this week, the sources and a fourth one said. All four sources spoke on condition of anonymity because the matter is private. I Squared, CPP Investments, Itochu, EPH, Ardian, Asterion all declined to comment. Energia Group referred questions to I Squared and Octopus Energy did not reply immediately to a request for comment. Energia Group, which supplies approximately 17 per cent of Ireland's total electricity requirements, is the latest power company to draw investor interest following the acquisition of Electricity North West by Iberdrola last year. The company is an integrated utility with investments in renewables, power distribution, data centres and gas turbines. Energia Group recently secured permission from Irish authorities to build a data centre in Dublin allowing its sale process to go ahead, three of the sources said. ($1 = 0.8814 euros)
Bloomberg
3 days ago
- Business
- Bloomberg
Entertainment Firms Oak View, Legends Face DOJ Antitrust Probe
The US Justice Department has been investigating whether live entertainment companies Oak View Group LLC and Legends colluded over bidding to develop a large arena in Texas, according to people familiar with the matter. The criminal antitrust probe is focused on whether the companies illegally coordinated on the bidding to develop and operate the Moody Center, a $338 million arena at the University of Texas at Austin, said the people, who asked not to be identified discussing a confidential investigation. Oak View ultimately won the contract in 2018 and the venue opened in 2022. Legends isn't involved in the project.
CNA
23-05-2025
- Business
- CNA
2 construction firms fined S$4.6m for bid rigging over 3 years
Singapore's competition watchdog has slapped two construction firms with a total of S$4.6 million in fines. Trust-Build and Hunan Fengtian were found to have colluded in bidding for upgrading works for three community clubs. Nadine Yeam with more.
CNA
21-05-2025
- Automotive
- CNA
COE premiums close mostly lower in latest bidding exercise
SINGAPORE: Certificate of Entitlement (COE) prices fell across most categories in the latest bidding exercise on Wednesday (May 21), with commercial vehicles being the sole exception. For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$102,501 (US$79,397), down from S$103,009 in the last exercise. Premiums for larger and more powerful cars in Category B fell to S$116,988 from S$119,890. COEs for commercial vehicles, which include goods vehicles and buses, increased to S$63,189 from S$62,590. Motorcycle premiums dipped by $2 to S$8,707. Open category COEs, which can be used for any vehicle type but end up being mainly used for large cars, dropped to S$118,010 from S$118,889. A total of 4,432 bids were received, with a quota of 3,060 COEs available. Last month, the Land Transport Authority (LTA) announced that the COE quota for the May to July period will go up by more than 6 per cent compared with the previous quarter. The total number of COEs will rise to 18,232, up from 17,133 in the last quarter, which already saw an 8 per cent increase.
Japan Times
16-05-2025
- Business
- Japan Times
Japan to ease 1-year buyback rule for stockpiled rice
The agriculture ministry Thursday decided to ease a key bidding rule for government-stockpiled rice that requires a buyback within a year, in a bid to promote the circulation of such rice in the market. The government has held three auctions to sell stockpiled rice in the hopes of curbing soaring prices. But the average retail price is still more than double that a year earlier. Under the current rules, the government will buy back the same quality and quantity of rice sold to the buyers within a year. Due to the small window, distributors are said to be refraining from releasing rice into the market as they expect prices to remain high. By extending the limit to five years, the government aims to secure a bigger pool of bidders, officials said. The government has released 312,296 tons of stockpiled rice over three auctions. It plans to release 100,000 tons per month in auctions between May and July.
