Tata Power in talks to acquire stake in InterGen
Submitted by Gurpreet Singh on Fri, 08/27/2010 - 15:02
Tata Power has entered in to talks to purchase a 50% stake US-based power utility InterGen NV from GMR Infrastructure, according to a report.
GMR Infrastructure had acquired the 50% stake in the company for around $1.1 billion from a fund owned by American International Group Inc. the rest of the firm is owned by Ontario Teachers' Pension Plan.
