GIP to buy Equis renewable energy portfolio for $5b
Global Infrastructure Partners (GIP) has agreed to acquire 100% of Equis Energy, a project platform of 180 assets under private equity investor Equis Funds Group, for $5 billion. It is said to be the world’s largest renewable energy generation acquisition to date.
According to a statement, GIP and unspecified co-investors will pay in cash and assume liabilities of about $1.3 billion. The transaction remains subject to approvals and is expected to close in the first...
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