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Shell, SoftBank potential suitors for $5-bn renewable energy firm Equis

Japanese trading firms, global pension funds, buyout firms are also in the fray to buy Equis

Reuters  |  Singapore 

Royal Dutch Shell and SoftBank are among several global groups considering bidding for Equis Energy, Asia's largest independent renewable energy producer valued at up to $5 billion, sources familiar with the matter said. Japanese trading companies, global pension funds and buyout firms are also in the fray to buy Singapore-based Equis, the sources said, at a time when many Asian governments are expanding the use of renewable power and renewable energy costs are decreasing. First-round bids for Equis are due this week, said the sources. Equis owns a portfolio of 97 ...

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First Published: Tue, July 25 2017. 15:45 IST