06:27 AM EST, 11/26/2024 (MT Newswires) -- TPG (TPG) is in advanced talks to acquire the Indian wind energy assets of Siemens Energy's Gamesa unit for more than $300 million, Bloomberg reported late Monday, citing people familiar with the matter.

TPG is the most likely buyer, having outbid other bidders such as industry players and private equity firms, the report said.

Discussions are still ongoing and no final decision has been made, the report added.

"The Indian market is very relevant for us, it offers great opportunities for the energy business," a Siemens spokesperson told MT Newswires in an email. "We are currently considering all options there, including potential partnerships, but no further decisions have been taken yet."

TPG declined MT Newswires' request for comment.

Shares of TPG were up more than 1% in recent Tuesday premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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