Bloomberg Vitol Group, the world’s biggest independent oil trader, is jumping into the electric-vehicle fleet business. The Rotterdam-based trading house formed a $250 million joint venture with BYD Co, a Chinese EV and battery maker, it said in a statement. The new service will offer electric-car fleet services and charging infrastructure to cities, companies and other organisations. It’s the latest …

Bloomberg India’s coal power giant NTPC Ltd expects to raise $2 billion through initial public offerings in three units including its renewables business, and the paring of a joint venture stake, according to a company official familiar with the plans. The state-run generator plans to sell shares in NTPC Renewable Energy Ltd within a year, the official said, asking not …

Bloomberg Clayton Dubilier & Rice (CD&R) LLC won a months-long battle for WM Morrison Supermarket Plc, beating out private-equity rival Fortress Investment Group in a rare auction with a knockout $9.5 billion offer for Britain’s fourth-largest grocer. The final offer of 287 pence a share “represents excellent value for shareholders while at the same time protecting the fundamental character of …