Announced
Financials
Tags
Majority
Domestic
Joint Venture
Private
Friendly
Single Bidder
renewable energy
Acquisition
Pending
Switzerland
Alternative Fuels
Synopsis
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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