Aditya Birla Group and KKR emerge as final bidders for Shell renewable Sprng Energy

Shell will negotiate with just two rivals next week

Aditya Birla Group and KKR have emerged as the two top contenders to buy Shell’s renewable energy firm Sprng Energy after binding bids were submitted by multiple suitors. Shell will now negotiate exclusively with Aditya Birla and KKR next week, following internal screening at its London headquarters. NIIF and Actis have been eliminated. The transaction is estimated at about $2 billion enterprise value. Sprng Energy runs a 5 GW generation portfolio with long-term contracted offtake.