Tenaga Nasional Berhad has spent RM99.7 million to buy up the remaining 20% in GVO Wind Ltd and Bluemerang Capital Ltd in the UK. – AFP file pic, March 4, 2020.
TENAGA Nasional Berhad , via its wholly-owned subsidiary, Tenaga Wind Ventures UK Ltd , has acquired the remaining 20% interest in two UK renewable energy companies for £18.6 million in cash. The acquisition of GVO Wind Ltd and Bluemerang Capital Ltd was as initially agreed in the Share Purchase Agreements signed with the sellers, Georg von Opel and Tanzanite B.V. & Catalin Breaban, on February 28, 2018.
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