STATKRAFT SALE ANNOUNCEMENT

Serentica, BlackRock, Sembcorp lead the race to buy Statkraft India

Serentica Renewables, BlackRock, and Sembcorp are leading the acquisition race for Statkraft's Indian arm, submitting bids between $1.2-$1.5 billion. Statkraft is divesting its 2-gigawatt portfolio of renewable energy plants across India, offering potential acquirers options to bid for the entire company or specific packages. The sale aligns with Statkraft's strategy to prioritize investments in other regions.