India’s Birla Taps MUFG for $1.5 Billion Shell Acquisition Loan

🇺🇸 Bloomberg (US) —

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Kumar Mangalam Birla's conglomerate unit is securing approximately $1.5 billion in acquisition financing from Mitsubishi UFJ Financial Group to acquire Shell Plc's renewable energy assets in the United States. This deal underscores significant investment activity in the renewable energy sector.

A unit of billionaire Kumar Mangalam Birla’s conglomerate has lined up around $1.5 billion of acquisition financing from Mitsubishi UFJ Financial Group Inc. to fund its purchase of Shell Plc’s renewable energy assets in the country, according to people familiar with the matter.

Markets Deals Energy acquisition financing renewable energy Shell Plc Mitsubishi UFJ Kumar Mangalam Birla United States

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