Royal Dutch Shell in race for Actis’ Green Co Sprng Energy – Economic Times – DC Initiative on Racial Equity
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Oil and gas major Royal Dutch Shell has emerged as a surprise bidder to acquire Sprng Energy, the Indian renewable platform of Actis Llp that is on sale, said people aware of the matter.

Shell, the world’s largest trader of liquefied natural gas, will be competing with Australian infrastructure fund Macquarie and Canadian pension fund CPP Investment Board (CPPIB) for the potential billion dollar plus buyout. All three were shortlisted last week, after an initial round of screening from a list of close to 20 potential candidates that had signed non-disclosure agreements. Shell’s $1.2 billion non-binding equity offer is believed to have trumped all others. The debt on these asset


Read Full Article at economictimes.indiatimes.com


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