Arcapita and Tanti sign China wind farm deal
Bahrain investment firm Arcapita and the owners of IndiaÆs Suzlon Energy will buy Honiton Energy to create a $2 billion wind farm business in China.
Bahrain-based Arcapita Bank and IndiaÆs Tanti group, the owner of Suzlon Energy, are to buy Honiton Energy through a joint venture company with a plan to invest $2 billion in wind farms in China.
The Tanti group has routed its investment through a Singapore-based special purpose vehicle, Colossus Holdings, which will own 26% of the JV. Of the remaining 64% will be owned by Arcapita and 10% will continue to be owned by Honiton's existing shareholders.
Honiton is an...
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