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New Deal


Announced

International Holding Company to invest $2bn in AGEL, ATL and AEL.

Financials

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Transaction Value£1,529m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Minority

renewable energy

India

Renewable Energy Equipment

Friendly

Single Bidder

Cross Border

Pending

Public

Gas Distribution

gas distribution network

gas transmission

Synopsis

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International Holding Company, a full services management and investment firm, agreed to invest $508m in Adani Green Energy, a renewable energy company, $508m in Adani Transmission, a transmission and distribution business, and $1bn in Adani Enterprises, an Indian multinational publicly listed holding company. "This will be a long-term investment in India as the country is driving much innovation globally, including the green energy sector. The opportunity to earn a compelling return on investment in green energy has never been greater. We are confident that Adani companies will play a significant role in unleashing India's total green energy potential, reflecting positively on our shareholders' commitment," Syed Basar Shueb, IHC CEO and Managing Director.

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