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3 Cos Eye Fortum EV Charging Biz in India
Hindustan Times Navi Mumbai
|May 01, 2025
Finnish state-run energy power utility Fortum Oyj has zeroed in on three potential suitors—Adani TotalEnergies E-mobility Ltd (ATEL), Reliance BP Mobility Ltd (Jio-bp), and Gurugram-headquartered electric bus manufacturer JBM Group—to offload a majority stake in its electric vehicle (EV) charging network business in India, two people aware of the development said.
NEW DELHI:
"Adani TotalEnergies, Jio-bp and JBM Group have signed NDAs (non-disclosure agreements) and are evaluating the deal, post which bids will be submitted," one of the two people cited above said, requesting anonymity.
London-based Opus Corporate Finance LLP is running the transaction (termed Butterfly) for the EV charging business GLIDA, formerly known as Fortum Charge & Drive India.
This story is from the May 01, 2025 edition of Hindustan Times Navi Mumbai.
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