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NIIF, Actis eye Macquarie's Vibrant green platform
Mint Mumbai
|September 05, 2023
India’s National Investment and Infrastructure Fund Ltd (NIIF) and private equity firm Actis Llp are among four contenders vying to acquire Macquarie Asset Management’s Green Investment Group platform Vibrant Energy, two people aware of the development said.
Vibrant Energy has a 1.5-gigawatt (GW) portfolio in the commercial and industrial (C&I) sector. JP Morgan is managing the transaction with four bidders being shortlisted from among the non-binding offers submitted for the deal valued at around $250 million.
Macquarie, one of the largest foreign infrastructure investors in India, has also hired Bank of America Corp. (BofA) to sell around 450 megawatts (MW) of solar power projects of its Stride platform for around $300 million. Last week, The Economic Times reported about Indonesia’s Sun Energy and energy trading firm Vitol submitting bids to acquire Vibrant Energy.
Esta historia es de la edición September 05, 2023 de Mint Mumbai.
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