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Keppel buys Shell stake in Cleantech, takes full control
Mint Kolkata
|October 22, 2025
Singapore’s Keppel Ltd has bought energy major Shell Plc’s 49% stake in renewable energy developer Cleantech Solar in a deal having an equity value of around $200 million, taking full control of the company. It is planning a sale of Cleantech for around $400 million next, said two people aware of the development. Both requested anonymity.
Keppel already owns 51% stake in Cleantech.
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