Slaughter and May advised Tenaga Nasional Berhad on its USD $300 million investment in GMR Energy Limited
Slaughter and May, Hong Kong, advised Tenaga Nasional Berhad (Tenaga) in relation to the subscription, through its wholly owned subsidiary Power and Energy International (Mauritius) Ltd. (PEIM), for equity shares in GMR Energy Limited (GMR Energy) and its proposed strategic partnership with GMR Energy in the power production business in India. The subscription will give PEIM a 30% stake in GMR Energy on a fully diluted basis for a total cash consideration of US$ 300 million.