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Announced

Murugappa Group to acquire a 56% stake in CG Power and Industrial Solutions for $95m.

Financials

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Transaction Value£70m
Consideration TypeCash
Capital Owned-
Capital Bid For56%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

Domestic

Conventional Electricity

power transmission

power generation

India

Pending

Public

Acquisition

Friendly

Synopsis

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Murugappa Group, a business conglomerate, agreed to acquire a 56% stake in CG Power and Industrial Solutions, an Indian multinational company engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution, for $95m. The takeover follows lenders to CG Power agreeing to a one-time loan restructuring.

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