Deals
JSW Energy Said to Plan Bid for Canada’s CIC Energy
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JSW Energy Ltd., the Indian power producer controlled by the billionaire Jindal family, plans to bid for CIC Energy Corp. to add coal assets in Africa, according to two people with direct knowledge of the matter.
JSW Energy intends to make an offer this month after completing a review of CIC’s finances and assets, the people said, declining to be identified before an official announcement. CIC said in a statement on its website on Oct. 8 it had entered into exclusive talks to sell as much as a 100 percent stake to a multibillion-dollar group.