Announced
Financials
Sources
Tags
Acquisition
Friendly
Majority
Private
Pending
Single Bidder
renewable energy
Renewable Energy Equipment
India
Cross Border
Synopsis
CPPIB, a Canadian Crown corporation, agreed to acquire ReNew Power, an India's renewable energy company, from Goldman Sachs, an investment bank and financial services company, for $139m. Goldman Sachs agreed to sell, and CPPIB agreed to purchase, 11.63m Class A depositary receipts and 49.9m Class C depositary receipts in Renew. The purchase price is $6.5 per Class A depositary receipt and $6.5 per Class C depositary receipt, representing a total consideration of $399.99m.
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