19 October 2015 – Greenko Energy Holdings, an affiliate of GIC, Singapore’s sovereign wealth fund, announced today its proposed acquisition of Greenko Group PLC’s majority interest in Greenko Mauritius for approximately £162.8 million.
Anil Kumar Chalamalasetty, the Chief Executive Officer & Managing Director of the Company, and Mahesh Kolli, the President & Joint Managing Director of the Company, will continue in their roles in the Greenko Group.
Stuart Baldwin, Global Head of Infrastructure at GIC said: “As a long-term investor, we are confident of Greenko’s business model. We look forward to working closely with Greenko’s management to develop the company to be the leading owner and operator of clean energy projects in India.”
Jefferies International acted as Financial Adviser and Proskauer Rose acted as Legal Adviser to GIC.