Shell and Sumitomo Buy 15 Percent Stake in Minigrid Firm PowerGen

Greentech Media
By info@greentechmedia.comNov 4, 2019, 8:22 am533 ptsHot
Shell and Sumitomo have taken a minority stake in African minigrid firm PowerGen. The pair will have a combined ownership of 15 percent after leading the most recent funding round alongside six other investors. Shell will get a seat on the board with Sumitomo taking an observer seat. Financial details of the…

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