{"id":415182,"date":"2021-05-15T11:40:21","date_gmt":"2021-05-15T06:10:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=415182"},"modified":"2021-05-15T14:00:04","modified_gmt":"2021-05-15T08:30:04","slug":"cppibs-plan-to-buy-softbanks-stake-in-sb-energy-called-off","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cppibs-plan-to-buy-softbanks-stake-in-sb-energy-called-off\/","title":{"rendered":"CPPIB\u2019s plan to buy SoftBank\u2019s stake in SB Energy called off"},"content":{"rendered":"<p>Japan\u2019s SoftBank Group Corp.\u2019s long-standing plan to sell its controlling stake in solar power producer SB Energy to Canada Pension Plan Investment Board (CPPIB) has been called off, said two people aware of the development. <\/p>\n<p>The deal was in the works for around a year, with CPPIB placing several pre-conditions\u2014also referred to as condition precedents (CPs)\u2014for SoftBank before finalising the transaction.<\/p>\n<p>These include meeting certain project commissioning deadlines, securing new businesses, bond issuance as well as SoftBank bearing any future liquidated damages liability for acquiring the stake as reported by Mint earlier. Each CP had a monetary component attached to it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japan\u2019s SoftBank Group Corp.\u2019s long-standing plan to sell its controlling stake in solar power producer SB Energy to Canada Pension Plan Investment Board (CPPIB) has been called off, said two people aware of the development. The deal was in the works for around a year, with CPPIB placing several pre-conditions\u2014also referred to as condition precedents (CPs)\u2014for SoftBank before finalising the transaction. These include meeting certain project commissioning deadlines, securing new businesses, bond issuance as well as SoftBank bearing any future liquidated damages liability for acquiring the stake as reported by Mint earlier. Each CP had a monetary component attached to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,236],"tags":[],"class_list":["post-415182","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-power-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/415182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=415182"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/415182\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=415182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=415182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=415182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}