- Published at
- by economictimes.indiatimes.com
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TPG-led consortium set to acquire Siemens Gamesa Renewable Power for $500-550 million
TPG, along with Vellayan Subbiah and Prashant Jain, is set to acquire Siemens Gamesa Renewable Power's Indian wind energy assets for $500-550 million. Siemens Energy AG will retain a minor stake. The deal aims to streamline operations and enhance productivity amid mounting losses and a German government bailout for Siemens Energy.