Announced
Financials
Sources
Tags
Private
Pending
Friendly
renewable energy provider
Acquisition
Renewable Energy Equipment
Nigeria
Cross Border
Majority
Single Bidder
Synopsis
Shell, a British multinational oil and gas company, agreed to acquire Daystar Power, a provider of solar power and battery solutions. Financial terms were not disclosed. “It was important to find someone with a strong balance sheet to back us. We are happy because Shell has a lot of experience in energy and they have a long history in Africa and will be the right owners to take this business forward,” Jasper Graf von Hardenberg, Daystar CEO.
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