GMR's US$1.1bn Power Acquisition

July 2008 | M&A News Alert

Bangalore-headquartered global infrastructure group GMR Infrastructure has bought a 50% stake in Amsterdam-based power generation firm InterGen N.V from AIG Highstar for US$1.1bn in equity, and US$4.3bn in debt. At a time when CFW has noted that investment in Indian infrastructure has become a key growth area for global investors, this deal will represent the largest ever acquisition of a global utility firm by an Indian company.

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