KKR to support European solar player's Japan expansion plans
KKR has acquired a majority stake in Gestamp Solar, a Spain-based developer and operator of solar plants that is looking to expand its business in Japan. The deal values the business at approximately $1 billion.
The PE firm now owns an 80% interest in Gestamp, which has been renamed X-Elio. The company has operations in Europe, North America, South America and Asia, but sees particular growth potential in Japan....
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