Caisse de dépôt signs an agreement for the 40% interest acquisition in CLP India
Caisse de dépôt et placement du Québec (CDPQ) has signed a conditional sale and purchase agreement CLP GPEC (Mauritius) Holdings Limited (CLP GPEC), a wholly-owned subsidiary of CLP Group, for the acquisition of the 40% interest in CLP India Private Limited (CLP India). CLP GPEC will maintain the remaining majority 60% shareholding in CLP India.
CLP and CDPQ are aligned on the growth strategy for CLP India. It is envisaged that with both shareholders’ strategic backing and financial support, CLP India will be able to pursue a faster path of growth to a long-term sustainable business with a larger and more diversified portfolio.
Under the transaction, CLP GPEC will transfer to CDPQ a 40% shareholding in its wholly-owned subsidiary CLP India for a cash consideration of INR26.4 billion (about HK$2.9 billion at current exchange rate).
Completion of the transaction is subject to the fulfilment of various conditions precedent including regulatory approvals
Country updates
-
-
September 07, 2018
Vestas to supply 20 MW wind farm in Karnataka
Vestas has announced that it has received an order from Ecoren Energy for the 20 MW Mullur Wind Farm in Karnataka, a state in the south-west of India. The order includes supply and installation of ni...
Read more -
September 04, 2018
Statkraft announces acquisition of 100 MW hydropower project in India
Statkraft has announced the acquisition of 100% of the shares in NSL Tidong Power Generation Private Limited, the project company for the Tidong hydropower project. Approximately 60% co...
Read more -
August 31, 2018
Reliance Infrastructure completes sale of Mumbai power transmission business to Adani
Reliance Infrastructure Limited has announced the successful completion of the sale of its 100% shareholding in Integrated Mumbai Power Distribution Business to Adani Transmission Ltd. The deal was a...
Read more -
August 29, 2018
ReNew Power commissions 126 MW wind power in Gujarat
ReNew Power Limited has announced the successful commissioning of Phase 1 (126 MW) of its 250 MW wind project located in Kutch district of Gujarat. The 250 MW wind power project was won at a tariff o...
Read more -
August 29, 2018
Total signs LOI to sell minority interest in LNG terminal in India
Total has announced that it has signed a binding Letter of Intent (LOI) with Shell for the sale of its 26% minority equity stake in Hazira LNG regasification terminal in India. The transaction remains...
Read more
