Carlyle to acquire Parallax; advances Onuba green hydrogen project
Carlyle Group is buying Canadian oil producer Parallax for ~C$1B and pursuing green hydrogen via a 51%-owned stake in Moeve’s €1B+ Onuba project, alongside commentary on fundraising, AI adoption across portfolio firms, and resilient credit portfolios.
Carlyle Group Inc (NASDAQ:CG) said it is expanding its energy footprint by buying Canadian oil producer Parallax for about C$1B. The firm is also advancing green hydrogen through Moeve's Onuba project, in which it has a 51% stake, as it benefits from strong fundraising, AI adoption across portfolio companies and resilient credit portfolios.