RMG Acquisition Corporation II (RMGB) to Combine with ReNew Power in $7.8Bn Deal

RMG II (NASDAQ:RMGB) has entered into a definitive agreement to combine with Indian renewable energy producer ReNew Power Private Ltd. at an enterprise value of $7.8 billion or 9.7x its 2022E EBITDA. ReNew operates India’s largest renewable energy portfolio with 100 utility-scale wind and solar projects and an operational capacity of 5.4 GW across the
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