Royal Dutch Shell in race for Actis' green company Sprng Energy

Shell will be competing with Australian infrastructure fund Macquarie and Canadian pension fund CPP Investment Board for the potential billion dollar plus buyout. All three were shortlisted last week, after an initial round of screening from a list of close to 20 potential candidates that had signed non-disclosure agreements. Shell's $1.2 billion non-binding equity offer is believed to have trumped all others. The debt on these assets is $960 million.

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