Securing new biz among CPPIB’s pre-conditions for SB Energy deal

Canada Pension Plan Investment Board (CPPIB) has placed several pre-conditions to acquire Japan’s SoftBank Group Corp.’s controlling stake in SB Energy Holdings for an estimated $520 million, said two people aware of the development.

These pre-conditions, also referred to as condition precedents (CPs), include meeting certain project commissioning deadlines, securing new businesses, achieving land possession from the Andhra Pradesh government and reimbursement of safeguard duty for a project in Rajasthan, the people said, requesting anonymity.

India’s green energy space has seen plenty of deal activity in recent years. Here’s a look at the top five dealsView Full Image
India’s green energy space has seen plenty of deal activity in recent years. Here’s a look at the top five deals