Olympus selling China’s Zhaoheng Hydropower

The private equity fund is selling the company, which has grown by hoovering up smaller operators across China amid the country’s clean energy push.

Olympus Capital and other private equity investors are planning to sell their stake in Zhaoheng Hydropower, sources familiar with the matter told FinanceAsia.

The deal comes at a time as China pushes for more small hydropower projects to provide electricity to rural areas.

Olympus Capital is the largest outside shareholder in the company. Other investors have included Morgan Stanley Infrastructure Partners MSIP, FountainVest Partners and the International Finance Corporation IFC. IFC said it has fully exited. 

Olympus has already taken some money out of the company, said a person familiar with the matter. But Olympus now wants...

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