GMR Group receives the Best Infrastructure Acquisition of the Year Award in UK

Bangalore: GMR Group won the prestigious Infrastructure Acquisition of the Year award at the annual Infrastructure Journal (IJ) Award Ceremony held in London on Thursday, 12th March, 2009. The IJ Awards, has emerged as a key annual industry event attracting the leading infrastructure and project finance companies from across the globe.
GMR Group won the award for its US$1.1bn acquisition of a 50% stake in InterGen N.V., a leading global power generation company, with 12 operating power plants, located across five countries.
Infrastructure Journal, received over 500 entries for this year's awards, making the competition stiff for GMR Group. GMR Group was shortlisted among the top rated companies in the Infrastructure Deal of the Year category which included; the £3.6bn acquisition of Angel Trains by a consortium of investors including; Babcock & Brown, AMP Capital Investors, Deutsche Bank and funds advised by Access Capital, and Beijing Capital International Airports' acquisition of Beijing Airport Terminal 3.
In awarding the Infrastructure Deal of the Year Award to GMR, the jury, comprising of senior infrastructure executives from across the globe, considered GMR Group's ability to complete the landmark acquisition of InterGen, during one of the most difficult financial periods. They also recognised that the acquisition marked the largest ever global energy acquisition by an Indian company.
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Categories: Airports Mar 2009