50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

TPG's climate arm in talks to buy Altus Power, Reuters reports

Published 24/12/2024, 06:50 am
© Reuters
AMPS
-
TPG
-

Investing.com -- TPG Rise Climate, the climate investment branch of buyout firm TPG, is reportedly in discussions to acquire Altus Power.

Reuters reported on Monday that the deal could be signed in the coming weeks if talks between two parties are successful.

Altus Power shares are up over 13% on Monday. It is one of the largest owners of commercial-scale solar plants in the United States.

Altus Power, based in Stamford, Connecticut, provides solar power to commercial property owners and residential homes.

Back in October, the company had announced it was working with advisers to explore various options, including a potential sale.

Currently, it has a market value of about $650 million.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.