Aboitiz Power in talks to acquire a majority stake in Fourth Partner Energy.
Fourth Partner Energy supplies renewable power to commercial and industrial consumers and has projects in India and overseas. The early investors in Fourth Partner Energy are looking to pare their holdings, while the size of the proposed stake and valuation were not disclosed. TPG Rise, Norfund, Asian Development Bank, International Finance Corporation and DEG have cumulatively invested Rs 40.31 billion. Aboitiz Power remains open to partnering with another new investor for the acquisition.