M&As this week: China Cinda Asset Management, Adani Transmission, Sovlink

17 August 2017 (Last Updated August 17th, 2017 18:30)

Adani Transmission has completed an acquisition of Hadoti Power Transmission Service from state-owned electric utility company Rajasthan Rajya Prasaran Nigam.

Adani Transmission has completed an acquisition of Hadoti Power Transmission Service from state-owned electric utility company Rajasthan Rajya Prasaran Nigam.

Hadoti Power Transmission is a special purpose vehicle created to develop two 132kV grid substations and associated transmission lines in Rajasthan, India.

"Hadoti Power Transmission is a special purpose vehicle created to develop two 132kV grid substations."

Sovlink has reached an agreement to acquire the remaining stake in Territorial'naya Generiruyushchaya Kompaniya No2 PAO (TGK-2 OAO).

Sovlink is a power generation company, while TGK-2 OAO is a producer of thermal and electric energy.