SSE plc has entered into an agreement to sell its SSE Energy Services business to OVO Energy Limited, a wholly owned subsidiary of OVO Group Limited, at an enterprise value of £500m comprising £400m cash and £100m in loan notes.
The World Bank announced the 28-month debarment of Spanish engineering company Ingeniería Especializada Obra Civil e Industrial S.A.U. in connection with corrupt, collusive and fraudulent practices in the World Bank-financed National Roads and Airport Infrastructure Project in Bolivia.
Alta Mesa Resources announced that they have filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code. The Companies\' midstream platform, Kingfisher Midstream, LLC and its subsidiaries are not debtors and are not part of the Chapter 11 reorganization process.