AM Green to acquire a 17.5% stake in Greenko from ORIX for $1.3bn.

AM Green, a green hydrogen and ammonia production company, agreed to acquire a 17.5% stake in Greenko, an energy transition and decarbonization solutions company, from ORIX, a diversified financial services group, for $1.3bn. "ORIX decided to sell 17.5% of the 20% share holdings in Greenko and invest in AMG Lux as part of its capital recycling strategy. ORIX aims to invest in the next generation of the energy sector (including green molecule) by using part of these funds, an area expected to grow rapidly as the world works towards achieving decarbonization," ORIX statement.