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New GIC unit to acquire majority interest in Greenko Mauritius

( October 20, 2015, 08:45 GMT | Official Statement) -- MLex Summary: Singapore’s sovereign wealth fund GIC announced that its affiliate, Greenko Energy Holdings, is set to acquire Indian renewable energy company Greenko Group’s majority interest in its Mauritius-based holding firm, Greenko Mauritius, for approximately £162.8 million ($252 million). Stuart Baldwin, global head of infrastructure at GIC, said that as a long-term investor, GIC is confident of Greenko’s business model and that GIC is looking forward to working closely with Greenko’s management to develop the company to be the leading owner and operator of clean energy projects in India.  The company's full statement follows:...

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