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New Deal


Announced

Keppel Infrastructure and MET Holding to form a joint venture Keppel MET Renewables.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Domestic

Joint Venture

Private

Friendly

Single Bidder

renewable energy

Acquisition

Pending

Switzerland

Alternative Fuels

Synopsis

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Energy and multiutilities companies Keppel Infrastructure and MET Holding, agreed to form a joint venture Keppel MET Renewables, a renewable energy services provider. Financial terms were not disclosed. Keppel Infrastructure and MET Group will each hold 49.9% in Keppel MET Renewables, with the remaining 0.2% to be held by Benjamin Lakatos the founder and Chief Executive Officer of MET Group. “I am excited that we are stepping up to the next level of strategic partnership with Keppel. The renewables joint venture we have established is the right platform for our cooperation and fits perfectly within the long-term vision of both companies. MET and Keppel are dedicated to support the energy transition in Europe," Benjamin Lakatos, MET Group Founder and CEO.

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