Temasek-led consortium completes acquisition of minority stake in Clean Energy Fuels
Clients Temasek Holdings Pte. Ltd and RRJ Capital Ltd.
Jones Day advised Temasek, which led a consortium of international investors in the acquisition of a minority stake in the U.S.-based natural gas fuels company, Clean Energy Fuels Corp. The consortium purchased US$150 million aggregate principal amount of 7.5% Notes that can be convertible into equity shares of Clean Energy Fuels Corp. at US$15.00 per share. Temasek is an Asia investment company headquartered in Singapore. Supported by 12 affiliates and offices in Asia and Latin America, Temasek owns a diversified S$193 billion portfolio as at 31 March 2011, concentrated principally in Singapore, Asia and growth markets.