Monday, October 18, 2021
HomeLet's build a better worldGreen EnergyAmbani Accelerates Push Into Green Energy With Two Acquisitions - Bloomberg

Ambani Accelerates Push Into Green Energy With Two Acquisitions – Bloomberg


Mukesh Ambani’s Reliance Industries Ltd. acquired a Norwegian solar panel maker and an Indian builder of renewable projects in a bid by the oil-to-retail conglomerate to extend its dominance into alternative energy.

Reliance, the company controlled by Asia’s richest person, acquired solar panel manufacturer REC Solar Holdings AS in a deal giving the company an enterprise value of $771 million, it said in a filing on Sunday. Hours later Reliance said it had agreed to acquire 40% of billionaire Pallonji Mistry’s Sterling & Wilson Solar Ltd., valued at $372 million as of Friday’s close in Mumbai.

Adblock test (Why?)



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments