GMR Infrastructure to Sell InterGen

According to media reports, GMR Infra is in advanced talks to sell a 50 per cent stake in the US-based InterGen NV to China’s Huaneng Group, for about USD 1.2 billion.

The state-owned Chinese company may pay GMR Infrastructure as much as USD 1.4 billion, including payments for taking over some non-operating assets, the report added.

GMR Infrastructure had bought 50 per cent of the Massachusetts-based power utility InterGen in 2008 for USD 1.1 billion from a fund owned by American International Group Inc.

Advertisements
Post a comment or leave a trackback: Trackback URL.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: