Link: Enron special report
On Friday last week a US federal bankruptcy judge approved Enron’s agreement to sell the US pipelines for $2bn (£1.6bn) to consortium CCE Holdings.
Enron chose the CCE offer following a closed-door auction, and the sale is expected to be completed by December.
Enron is also to sell another subsidiary business – Portland General Electric – leaving it with just one company – Prisma Energy International – which has small-scale pipeline and power assets in 14 countries.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children