Home > M&A deals 2014 > CLP Power Hong Kong Ltd. acquires a stake in Hong Kong Pumped Storage Development Co.,Ltd.
Stake Purchase · Business Services · May 2014

CLP Power Hong Kong Ltd. acquires a stake in Hong Kong Pumped Storage Development Co.,Ltd.

On May 12, 2014, CLP Power Hong Kong Ltd. acquired a stake in Hong Kong Pumped Storage Development Co.,Ltd., a business services company in Hong Kong, from Exxon Mobil Corp.

Deal at a glance

AnnouncedMay 12, 2014 TypeStake Purchase TargetHong Kong Pumped Storage Development Co.,Ltd. Buyer CLP Power Hong Kong Ltd. Seller Exxon Mobil Corp. SectorBusiness Services LocationHong Kong ValueMembers only

Target company

Hong Kong Pumped Storage Development Co.,Ltd.
Hong Kong
Business Servicessector
-founded
Activestatus
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Buyer

CLP Power Hong Kong Ltd.
Company · 2 deals on record
  • 1st transaction in business services
  • 1st transaction in Hong Kong
2deals, all time
1in this sector
2014latest

Seller

Exxon Mobil Corp.
Company · 16 deals on record
16investments
1in this sector
6exits

Members only

Contact details at the buyers and sellers
The full deal history of every party
Co-investors and the other advisors on this deal
Deal value and revenue or EBITDA multiples

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Questions about this deal

Who acquired Hong Kong Pumped Storage Development Co.,Ltd.?CLP Power Hong Kong Ltd. acquired a stake in Hong Kong Pumped Storage Development Co.,Ltd. on May 12, 2014.

Who sold Hong Kong Pumped Storage Development Co.,Ltd.?Exxon Mobil Corp. was the seller.

What type of deal was it?It was a stake purchase in the business services sector in 2014.

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