GMR Infra acquires 50% stake in InterGen

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New Delhi, Oct 14 (UNI) With a view to expand its global footprint, GMR Infrastructure Ltd has acquired a 50 per cent stake in leading global power generation company InterGen N V for 954 million dollars.

''The transaction has been consummated under highly tense market conditions, signifying GMR Group's strength in the market place. The acquisition of a 50 per cent equity stake in InterGen is an integral part of our global strategy to be the world's leading energy and infrastructure company,'' GMR Group Chairman G M Rao said in a statement today.

InterGen has ownership interest in power plants located in the UK, the Netherlands, Mexico, Australia and the Philippines, with total net capacity of 12,766 MW.

UNI SG AK RK1916

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