Who are the key advisers in the Chinese giant Silk Road Fund’s partial acquisition of ACWA Power?
The deal, involving a 49% equity interest in the company, was carried out with support from Cleary Gottlieb, Dentons and Lazard.
26/05/2020 at 16h39, by Africa Business+
Major Anglo-Saxon firms were in charge of the acquisition by the Chinese sovereign wealth fund Silk Road Fund of a 49% stake in the significant renewable assets of the Saudi energy company ACWA Power. This subsidiary, named ACWA Power Renewable Energy Holding Ltd (ACWA Power RenewCo), spearheads a number of key projects such as the Moroccan Solar Energy Programme, known as Noor, in Ouarzazate.
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