July 18 (Renewables Now) - Greenbriar Capital Corp (CVE:GRB) said today it has hired Ascenta Finance Corp to explore merger and acquisition (M&A) transaction opportunities with public companies involving its four operating segments.
Greenbriar is considering setting up a new public company for the 100-MW Montalva solar project in Puerto Rico so it could operate as a pure play renewable energy producer upon completion. A new entity could be created for the company’s other three business segments as well.
Also, Greenbriar is mulling over the possibility of merging with other similar public companies in at least one of the four business segments, it said.
The goal is to maximise shareholder value in view of the expected completion of all four segments, the company added.
In addition to renewable energy development, Greenbriar is also engaged in sustainable real estate, real estate blockchain and smart energy products.