NewsMV
In focus: Lightsource, the solar and renewables unit of BP (BP), is the subject of advanced acquisition talks, with Qualitas Energy and the investment arm of a Kuwait-backed sovereign wealth fund as prospective buyers.
No price or deal terms have been disclosed. A definitive agreement is the next confirmable milestone. The deal in focus The prospective consortium brings together two distinct types of capital.
Qualitas Energy is the named private acquirer. An investment arm of a Kuwait-backed sovereign wealth fund would be its partner. The fund has not been identified by name in available reporting.
Lightsource is described as both a solar business and a renewables business. The scope of the sale, whether BP is offloading its full interest or retaining a partial stake, has not been reported.
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