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GMR nears InterGen exit

23 August 2010

China Huaneng Group is in advanced talks to purchase GMR Infrastructure’s 50% stake in InterGen for around $1.2 billion. GMR Group and its subsidiaries have made several attempts during 2010 to boost their liquidity positions and the InterGen sale – just two years after it acquired the stake - should ease liquidity concerns and allow GMR to concentrate...

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