Swancor sells 95% of renewables unit

Swancor has sold a 95% stake in Swancor Renewable Energy to US investors and industry entrants Stonepeak Infrastructure Partners.

 

Swancor will retain a 5% equity stake in its renewable subsidiary following the transaction. The transaction is estimated to cost between $9.99 million to $85.47 million, according to a filing with the Taiwan Stock Exchange, the Taipei Times reported.