ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business deals

JERA to buy 22% stake in Bangladeshi utility for $327m

Japanese company bets big on country's growing energy demand

Jera wants to shore up its business, which is declining in Japan, by expanding into Bangladesh.   © Reuters

TOKYO -- Jera, a joint fuel-procurement venture between Tokyo Electric Power and Chubu Electric Power, has agreed to buy 22% of Bangladeshi power company Summit Power International for 35 billion yen ($327.1 million), the company said on Monday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more