Announced
Completed
Financials
Tags
Minority
Vietnam
Renewable Energy Equipment
Acquisition
hydropower facility
Single Bidder
Cross Border
Friendly
Private
Completed
Synopsis
Chubu Electric, a supplier of electricity, gas, and on-site energy, completed the acquisition of a 20% stake in Bitexco Power, an operator of hydropower plants in Vietnam. Financial terms were not disclosed. "Our goal is to expand our overseas business by tapping into the growth of Vietnam's electricity market while contributing to the decarbonisation of Vietnam," Akihide Ito, Chubu Electric General Manager.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.