Texas Battery Storage Biz To Be Sold To French Utility For $1B

By Jade Martinez-Pogue (August 24, 2023, 3:32 PM EDT) -- French multinational utility Engie SA, advised by Mayer Brown LLP, is set to buy Texas-based battery storage company Broad Reach Power from funds managed by private equity firm EnCap Investments LLP, advised by White & Case LLP and its co-investment partners for a total equity value of more than $1 billion, the parties announced in separate statements Thursday....

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