Petronas, Sembcorp Industries, and JSW Neo Energy are separately considering acquiring Continuum Green Energy (India) Pvt. Ltd in a potential deal that may have an enterprise value of $1.5 billion, two people aware of the development said.
The companies may submit nonbinding bids next month for the deal, which is expected to have an equity value of around $600 million, the people said, requesting anonymity. As reported by Mint in November, others in the fray are oil company BP Plc, Norway's state-run electricity firm Statkraft, and New York-based I Squared Capital. The sale process, managed by Citibank and Deutsche Bank, may involve a 100% stake sale, including the sale of US investment bank Morgan Stanley's 83% stake in the clean energy platform founded by Arvind Bansal and Vikash Saraf in 2009.
The interest in Continuum comes amid India drawing up a plan to meet its commitment to net-zero carbon emissions by 2070, increasing nonfossil energy capacity to 500 gigawatts (GW) by 2030 and reducing the carbon intensity of its economy by 45% from the 2005 level.
هذه القصة مأخوذة من طبعة December 29, 2022 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة December 29, 2022 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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