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India’s Sprng Energy Nearing $1.8 Billion Sale to Shell

  • Deal for renewable firm could be signed within weeks
  • Energy major aims to achieve net-zero emissions by 2050
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Sprng Energy Pvt is nearing a deal for Shell Plc to acquire the Indian renewable power producer for about $1.8 billion including debt, people with knowledge of the matter said.

An agreement between Sprng’s private equity owner Actis and the energy giant could be signed in two to three weeks after Shell beat out rival bidders, the people said, asking not to be identified as the information is private.