Globeleq Finds Buyers

Globeleq, an emerging markets power company owned by CDC Group (managed by Actis), has agreed to sell its operating power businesses in Latin America, North Africa and Asia. The total value is approximately $1 billion. The Latin American assets are being sold to D.S. Constructions Ltd. (India) and Israel Corporation Ltd. The North Africa and Asia businesses — with operations in Egypt, Bangladesh, Sri Lanka and Pakistan — will be sold to Tanjong Energy Holdings (Malaysia) and Aljomaih (Saudi Arabia).