Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
June 16, 2016

M&As this week: Tata Power Renewable Energy, Total, and Havells India

Tata Power Renewable Energy has reached an agreement with Welspun Energy to acquire its subsidiary Welspun Renewables Energy (WREPL) for approximately Rs92.49bn ($1.378bn).

Tata Power Renewable Energy has reached an agreement with Welspun Energy to acquire its subsidiary Welspun Renewables Energy (WREPL) for approximately Rs92.49bn ($1.378bn).

WREPL operates renewable power plants with a combined capacity of approximately 1,000MW and has 140MW of renewable power projects in advanced stages of development.

The purchaser was provided financial advice by JM Financial Institutional Securities alongside legal advice by AZB & Partners. KPMG India Private acted as the accounting and tax advisor.

Total S.A. has reached an agreement to acquire all shares of Lampiris for a consideration between €150m ($169m) and $200m ($225.3m) subject to regulatory approvals.

Based in Belgium, Lampiris is the third biggest supplier of gas, green power, and ancillary energy services such as insulation, furnace maintenance, wood and pellets for heating, and smart thermostats.

Havells India has reached a share purchase agreement with Promptec Renewable Energy Solutions.

Content from our partners
Green investment: What gives Scotland multiple advantages
How Hengst helped to keep Germany’s charity “star singers” shining
How one power station prevented frequent shutdowns with three-stage air filtration

The agreement will allow Havells India to expand its LED business segment and requires the company to increase its stake in Promptec Renewable Energy Solutions to 70% by acquiring an additional 18.82% stake.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU