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Article: Arcapita forges $2bn partnership.
- Article from:
- Arab News (Jeddah, Saudi Arabia)
- Article date:
- July 8, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mahmood Rafique
MANAMA: Bahrain-headquartered Arcapita Bank, a leading international investment firm, yesterday announced its maiden investment in China as the firm formed a joint venture partnership with Colossus Holdings, a Singapore-based holding company of the Tanti group, the multi-billion Indian conglomerate, which will invest $2 billion to develop a 1,650 MW portfolio of wind farms in the Inner Mongolia region of China.
The joint venture partners have signed a definitive purchase agreement to acquire Honiton Energy Holdings plc, a high growth Chinese wind energy generation company, which will build the portfolio. Honiton was established ...