Mergers & acquisitions (M&A)
Q&A: Endesa’s Jaime Roman on mergers
Jaime Roman, head of risk management at Spanish utility Endesa, talks to Katie Holliday about the attitudes to risk management in Europe from the perspective of a major European utility operating in the growing Iberian markets
McKinnon & Clarke’s purchase of Encore signals M&A trend
The takeover of the risk management firm signals a potential trend for further consolidation in the energy services sector
Report: Fraud rising as compliance struggles for recognition
Ernst & Young Fraud Survey indicates continued need for anti-fraud measures, even against a tough financial background
China secures big Angola oil deal
Chinese oil refining, producing and trading company China Petroleum and Chemical (Sinopec) has acquired deep-water oil assets in Angola by buying a 55% stake in Sonangol Sinopec, in a bid to further secure its diverse portfolio of oil import security.
Gazprom sells US LNG to China
Russian energy company Gazprom has shipped 1 million tonnes of liquefied natural gas (LNG) to China, as the US gas market has an unfavourable pricing environment, says Alexander Medvedev, deputy chairman of Gazprom’s management committee and director…
US: Operational risk managers face merger challenges
The operational risk function might not have a say in a firm’s strategic merger plans, but it can prepare it for the risks involved in the union. David Benyon discusses the operational risk manager’s role as adviser to newly married fims, and presents a…
Merger to create biggest UK carbon company
Two UK-based carbon trading investment funds are set to merge and create the UK's largest carbon company.
Citi sells Phibro to Occidental
Citi has announced the sale of commodities trading unit Phibro to Occidental Petroleum.
RWE acquires Essent
The sale of the largest energy generator in the Netherlands, Essent, to German utility RWE was completed on September 30 in a €7.3 billion deal.
Changing landscape
Not a year has passed since Energy Risk's 1994 launch without M&A activity between energy companies, banks or brokers. Roderick Bruce & Pauline McCallion chart the M&A history that forms today's players
Lock, stock and barrel
Mergers
Citi Splits 'Supermarket' after $8.9m fourth quarter Loss
Losses & Lawsuits
ICE and CBOE reach $665m agreement over CBOE exercise rights
IntercontinentalExchange (ICE) has reached an agreement with the Chicago Board Options Exchange (CBOE) to pay full members of the Chicago Board of Trade (CBOT) compensation for the loss of CBOE exercise rights they would experience, should CBOT merge…
European Commission out with draft M&A directive
European Commission out with text of the draft directive on supervisory consents for mergers and acquisitions
The real value of stock
Collars involve the payment of a variable amount of stock, depending on an average stock price. In this article, Anthony Pavlovich uses the Black-Scholes framework to value these exotic derivatives and explore issues with hedging, as well as providing an…
M&As spark op risk software shuffle
LONDON AND NEW YORK – Mergers and acquisitions are hotting up again in the op risk software industry. Two acquisition announcements in June have set tongues wagging on both sides of the Atlantic about who the next targets will be, and which potential…
Corporate Statement > What it takes: Turning Basel II Compliance into a Competitive Edge
The heat is on. The ideals and debates have given way to the hard realities of compliance, and time is running out. But rather than engage in a reactive scramble to demonstrate compliance, firms can use the regulatory imperatives of Basel II as an…
Phillip Fletcher
Oil