AM Green buys Orix's 17.5% stake in Greenko for $1.4 bn

AM GREEN BV (AMG) has acquired a 17.5% equity stake in Greenko Energy from Japanese financial services firm Orix Corporation for $1.4 billion.

- FE BUREAU

AMG will own 25% stake, including AMG promoters' current share, in Greenko post deal closure in July. It acquired the share through its subsidiary AM Green Power BV (AMG Power).

As part of the deal, Orix has also entered into an agreement to invest in a convertible note issued by AM Green (Luxembourg), the parent company that holds all shares of AMG. This investment will provide Orix long-term exposure to green hydrogen, ammonia, SAF and other next-gen molecules, aligning with its capital recycling strategy, the company said.