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Examples
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New Delhi—India's GMR completed the sale of its 50% stake in global power generation company Intergen to a consortium led by China Huaneng Group.
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India's GMR Infrastructure Ltd will use $225 million of the proceeds from the sale of its stake in Intergen NV for four domestic power projects with a total generating capacity of 4,000 megawatts that it is developing, GMR Chief Financial Officer A.
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¶ He added that after the Intergen stake sale, the company had no plans to acquire power-generation capacity in an overseas location and would concentrate on its Indian projects.
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Ontario Teachers ' Pension Plan holds the other 50% in US-based Intergen, which operates power plants in U.K., the Netherlands, Mexico, the Philippines and Australia.
GMR Group to Sell Stake in InterGen Satish Sarangarajan 2010
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GMR Infrastructure had acquired the Intergen stake in 2008 for $1.1 billion.
GMR Infrastructure Net Profit Up 33% Rumman Ahmed 2010
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When GMR Group, India's leading infrastructure company, in late 2008 acquired a 50% stake in Intergen, a Netherlands-based power generation company, it gained access to Intergen's experience in development, operation and management of infrastructure projects.
What Indian Acquirers Want Anil Kumar 2010
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When GMR Group, India's leading infrastructure company, in late 2008 acquired a 50% stake in Intergen, a Netherlands-based power generation company, it gained access to Intergen's experience in development, operation and management of infrastructure projects.
What Indian Acquirers Want Anil Kumar 2010
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GMR said while it will use $1.007 billion of the total cash received from Huaneng to pay off debts GMR took to acquire Intergen, it would be able to use $220 million left over from the sale on its ongoing projects.
GMR Group to Sell Stake in InterGen Satish Sarangarajan 2010
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When GMR Group, India's leading infrastructure company, in late 2008 acquired a 50% stake in Intergen, a Netherlands-based power generation company, it gained access to Intergen's experience in development, operation and management of infrastructure projects.
What Indian Acquirers Want Anil Kumar 2010
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Intergen seeks to expand in Asia, North America and the United Kingdom.
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