Spain's Iberdrola said on Wednesday it had secured a 98.25% stake in Australian wind and solar firm Infigen share capital through a public takeover offer.

Italian rail operator Ferrovie dello Stato (FS) has signed an agreement with Europe's biggest gas transport group Snam to study using hydrogen for its transport network.

* Iberdrola on track for 10 bln euro annual investment (Adds market value calculation, coal plant closure)

Aluminium producer Norsk Hydro and municipal utility Lyse are merging parts of their hydropower production into a joint company to secure long-term renewables production and competitiveness, they said on Wednesday.

Pioneer Natural Resources Co said on Tuesday it would buy smaller rival Parsley Energy Inc in a deal valued at about $4.5 billion, the latest consolidation among U.S. shale producers slammed by the rout in oil prices during the pandemic.

Avangrid Inc, the U.S. power utility that is controlled by Spain's Iberdrola SA, is in talks to acquire PNM Resources Inc, a peer active in New Mexico and Texas that is worth more than $6 billion, including debt, people familiar with the matter said on Tuesday.

French infrastructure group Vinci expects earnings to continue falling in the second half of the year, as weakness at its pandemic-ravaged airports business outweighs signs of a recovery in construction and motorway traffic.

Canadian miner Kinross Gold Corp is not under any pressure to do deals, Chief Executive Paul Rollinson said on Tuesday, tamping down a media report that said it was eyeing a London listing and the sale of its business in the Americas.

Intel Corp's $9 billion sale of its NAND memory chip unit will help the U.S. chip giant focus on its core business in higher-margin processors, Wall Street analysts said on Tuesday, after its deal with South Korea's SK Hynix Inc.

The world will have a smaller airline industry as a result of the coronavirus crisis with many privately funded carriers set to go under and governments throwing "good money after bad" to keep national champions afloat, Wizz Air's CEO said.