New Energy
Exxaro Among Firms Considering Bids for Actis’ Renewables Unit
- Actis has hired Citigroup to find buyer for BTE Renewables
- Buy out firm seeking about $800 million for renewables unit
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Exxaro Resources Ltd., South Africa’s biggest coal miner, is among companies considering bidding for Actis LLP’s BTE Renewables, according to people with knowledge of the matter.
Chinese firms and Thungela Resources Ltd. have been cited as potential contenders, said the people who asked not to be identified as the information is private. Thungela on Thursday said it’s not bidding for BTE adding it isn’t “focused on diversification into the renewable energy sector.” Actis is seeking about $800 million for the company, the people said.