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Highlights: April 8 - April 14, 2019

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Christian Fernsby | Monday April 15, 2019 3:45AM ET
Highlights
Business week in short  

The most interesting business stories that marked the last week.


Salini team signs $5.1bn Australian hydro contract

Snowy 2.0 projectSalini Impregilo will build the biggest hydroelectric power station in Australia after getting a contract valued at AU$5.1 billion for the civil works and electromechanical component of the Snowy 2.0 project....

Engie, CDPQ to acquire stake in Brazilian pipeline operator TAG for $8.6bn

EngieEngie announces that the consortium in which it holds a majority stake has won the competitive bidding process conducted by Petrobras for the sale of a 90% shareholding in Transportadora Associada de Gas S.A. (TAG) with a final and binding offer amounting to USD 8.6bn....

California top electricity importer, Pennsylvania top exporter

California electricityElectricity routinely flows among the Lower 48 states and, to a lesser extent, between the United States and Canada and Mexico....

Merck KGaA gets Versum's support for sweetened $6.5 billion offer

Merck KGaAMerck KGaA got the support of Versum Materials Inc's board with a sweetened $6.5 billion takeover proposal, topping an agreed merger with rival Entegris....

Convenience distribution industry adds $100bn to U.S. economy

Convenience storeThe convenience distribution industry has an overall impact on the overall U.S. economy reaching into the billions....

Tesco profit rises 29%

TescoTesco said that pretax profit rose 29% in fiscal 2019 and that it is making progress toward its cost savings target....

Asos profit slides 87%

AsosAsos reported on Wednesday a nearly 90 per cent tumble in half-year earnings....

Norway moves toward more E39 coastal road 35.3 billion euros improvements

Norway E39Norway is working on plans to make more of the major north-south E39 coastal route a ferry-free highway, coasting 35.3 billion euros, according to media....

EBRD provides 300 million U.S. dollars fund for Mongolia's infrastructure

MongoliaThe European Bank for Reconstruction and Development (EBRD) has signed an agreement worth 300 million U.S. dollars with the Mongolian government to help the country improve its infrastructure, Mongolia's Road and Transport Development Ministry said....

Grafton buys Polvo of Netherlands for 131m

Grafton Group PolvoGrafton Group announced that it has conditionally agreed to acquire Polvo BV from the privately owned Pallieter Group for 131 million euros on a debt and cash free basis....

MTY Food Group to buy Papa Murphy's in $190.0 million deal

Papa MurphMTY Food Group would acquire Papa Murphy's Holdings for $6.45 per share, representing total transaction value of approximately $190.0 million (C$253.2 million), including Papa Murphy's net debt outstanding....

Merck KGaA agrees $6.5 billion takeover of Versum Materials

Merck KGaAMerck KGaA said it signed a takeover agreement with target Versum Materials for a price of $53 per share after Versum walked away from a prior merger agreement with rival Entegris....

Chevron to buy Anadarko for $33 billion in cash and stock

ChevronChevron said it will buy Anadarko Petroleum for $33 billion in cash and stock....

Santander offers $2.9 billion to take control of Mexico business

SantanderSantander made an offer to take full control of its business in Mexico via a deal worth 2.6 billion euros ($2.93 billion)....

Alliance Data to sell its Epsilon business to Publicis Groupe for $4.4 billion

Publicis GroupeAlliance Data Systems Corporation announced it has entered into a definitive agreement to sell its Epsilon business to Publicis Groupe for $4.4 billion in cash, representing an approximate 10X trailing 12-month EBITDA (adjusted) multiple....

 

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