SINGAPORE, Oct 7 (Reuters) - Japan's JERA Co has acquired a 22% stake in Summit Power International, a Singapore-based unit of Bangladesh's Summit Group, for $330 million, both companies said in a joint statement on Monday.
The unit is a holding company of all power assets of Summit Group.
The investment was finalised four months after a memorandum of understanding was signed between JERA and Summit in Tokyo, according to the statement.
(Reporting by Jessica Jaganathan; Editing by Muralikumar Anantharaman)
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