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Aditya Birla Group and KKR vying to buy Shell's renewable energy firm Sprng Energy.
Aditya Birla Group and KKR are the top bidders for Shell's Sprng Energy acquisition.
KEY POINTS
- National Investment and Infrastructure Fund and Actis are no longer contenders for Sprng Energy.
- Shell is considering selling Sprng Energy for about $2 billion after a strategic rethink.
- Shell's internal committees will finish screening bids before negotiations with Aditya Birla and KKR next week.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →