Omers Infrastructure Management, the infrastructure investment manager of the Ontario Municipal Employees Retirement System (OMERS), is in talks to pay up to $750 million for a minority stake in Greenko Energy Holdings, according to various news reports.
Greenko is the second-most valuable renewable energy company in India.
Japan’s Orix Corp. paid $980 million for a 20 percent stake in the energy company in September in a deal that valued Greenko’s equity at about $5.75 billion.
Greenko’s shareholder base also consists of long-term investors such as Singapore’s GIC and a wholly owned subsidiary of Abu Dhabi Investment Authority.
There is no guarantee that the deal with OMERS will be reached, according to a source with knowledge of the matter.
