Caisse de dépôt to acquire 40 pct interest in CLP India
Caisse de dépôt et placement du Québec has agreed to acquire a 40 percent stake in CLP India Private Ltd, an Indian power generation affiliate of Hong Kong-based CLP Holdings Ltd. The Caisse agreed to pay 26.4 billion rupees ($476 million) in cash for the stake. CLP will hold the remaining interest. The deal will allow CLP India to expand its investments in low-carbon growth areas in India, CLP said. These areas include renewable energy as well as non-generation opportunities in transmission, distribution and other customer-focused businesses.
14 September 2018•5 mins read
