IMM Investment to acquire a 49% stake in GS Power from GS Energy for $864m.

IMM Investment, an investment firm, agreed to acquire a 49% stake in GS Power, a power plant, from GS Energy, an oil, gas and renewable energy provider, for $864m. GS Energy is planning to accelerate its push for future green business as part of the group-wide environment, society and governance efforts to achieve four goals—expanding green power generation portfolio, leading the smart power solution market, establishing resource circulation ecosystem and reforming infrastructure for clean hydrogen production.