Globeleq expands into Nigeria’s power sector with acquisition of 74% stake in CPGNL Limited

Olusola Bello and Oladehinde Oladipo Jan 11, 2021

Globeleq, an independent power generation company, has announced that it has acquired a 74-percent majority stake in an existing Nigerian power business called CPGNL Limited. As a result of this development, CPGNL Limited will be rebranded as Globeleq Power Solutions Nigeria Limited while the previous owner of the business, Clean Energy Group, will retain 26…

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