Keppel consortium takes remaining 50% stake in Cleantech Solar Asia
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Singapore
A CONSORTIUM comprising Keppel Corporation, Keppel Asia Infrastructure Fund LP (KAIF) and a co-investor of KAIF will acquire the remaining 50 per cent stake in Cleantech Solar Asia (CSA) for US$115 million.
The resultant increased stake in Cleantech's asset company will accelerate Keppel's plans to grow its renewable business, the company said in a statement on Tuesday (Mar 15).
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