Diageo eyeing “substantial” asset sales
Diageo is looking to save $500m in costs and told analysts today possible moves to offload assets could be more significant than recent disposals.
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Colombia's Ecopetrol to buy 10 renewable energy firms from Norway's Statkraft
BOGOTA (Reuters) -Colombia's state-run oil company Ecopetrol said on Tuesday it had signed an agreement with Norway's Statkraft to buy 10 wind and solar energy project development companies. Ecopetrol Chief Executive Ricardo Roa said the portfolio of projects could total up to 1.3 gigawatts in capacity, which will be used to supply the group's domestic energy needs. "This transaction leverages the generation of low-emission energy under competitive conditions for Ecopetrol's consumption, reducing energy purchases under bilateral contracts and exposure to energy purchases on the stock exchange," Roa said.
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