Zahid Group unit closed acquisition of 50% stakes in Greencells

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Greencells, an independent European solution provider for solar photovoltaic (PV) power plants, has concluded a strategic investment with OMAS, a wholly-owned subsidiary of the Zahid Group, a diversified Saudi Arabian conglomerate. As part of the investment, OMAS has aquired a 50% share in Greencells.

Apricum - The Cleantech Advisory served as Greencells´exclusive financial advisor, with Herbert Smith Freehills providing legal advice. Zahid Group was advised by Watson Farley & Williams (legal, tax), EY (financial) and TÜV SÜD (technical).

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