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Actis, Brookfield look to buy Mahindra s EPC, solar assets

Actis, Brookfield look to buy Mahindra’s EPC, solar assets The development follows Mahindra and Mahindra Ltd’s announcement that it plans to take 10 of its most promising units, including Mahindra Susten, public in the next 5-7 years. AFP 2 min read Share Via Read Full Story Private equity firm Actis Llp and Brookfield Asset Management Inc., among others, are eyeing Mahindra Susten’s engineering, procurement and construction (EPC) business, besides its under-construction 600MW solar assets, said two people aware of the development, seeking anonymity. The deal is valued around $500 million, they added. The sale of Mahindra Susten’s assets, and the EPC business is being handled by EY.

India: Actis, Brookfield eye Mahindra s EPC, solar assets in deal valued at $500m

India: Actis, Brookfield eye Mahindra’s EPC, solar assets in deal valued at $500m Photo: Pixabay Premium Private equity firm Actis Llp and Brookfield Asset Management Inc., among others, are eyeing Mahindra Susten’s engineering, procurement and construction (EPC) business, besides its under-construction 600MW solar assets, said two people aware of the development, seeking anonymity. The deal is valued around $500 million, they added. Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at subs@dealstreetasia.com. Sign up for our newsletter - The Daily Brief Opt out of receiving The Daily Brief in your inbox everyday

J C Penney closing more stores including West Plains location

J.C. Penney will shutter more stores in the spring after already closing 150-plus stores since filing for bankruptcy. The latest list includes the West Plains location in the Southern Hills Center. The retailer, which emerged from bankruptcy this month after being acquired by mall owners Simon Property Group and Brookfield Asset Management, Inc., will close another 15 stores by the end of March, officials confirmed to USA TODAY Thursday. “As part of our store optimization strategy that began in June with our financial restructuring, we have made the decision to close an additional 15 stores,” J.C. Penney says in a statement to USA TODAY. “These stores will begin liquidation sales later this month and will close to the public in mid to late March.”

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