Reliance Industries to buy Enron: Sources

A source told NBC News that Enron CEO Michael Pachter is now the biggest investor in a global energy company that went bankrupt.

Sources say Enron sold more than $1 billion worth of the energy company’s assets to Reliance, and the company is expected to announce an acquisition soon.

Enron’s stock has fallen more than 35% in 2017.

The company, which has been the target of a number of regulatory probes, was valued at $23 billion in 2011.

Its assets have also been purchased by the private equity firm Renaissance Technologies and the bank Credit Suisse.

Sources tell NBC News the deal is expected for the next year or so.

Related Post