Singapore renewables developer Equis Energy acquired for US$5b in cash
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Singapore
IN WHAT is said to be the largest deal in history for the renewables sector, infrastructure fund manager Global Infrastructure Partners (GIP) is leading a consortium to acquire Singapore-based renewable-energy developer and operator Equis Group for US$5 billion in cash.
The deal, which includes US$1.3 billion in debt, is expected to close in the first quarter of next year, said both companies.
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