Announced
Completed
Financials
Sources
Tags
United Kingdom
Alternative Electricity
renewable energy
natural gas
power
electric transmission lines
Private
Minority
Friendly
Single Bidder
Completed
Synopsis
Algonquin Power & Utilities Corp, a Canadian renewable energy and utility company with assets across North America, acquired a 25% stake in Atlantica Yield, a power generation and utility company, for $608m. The seller was Abengoa. "We are pleased to have completed this transaction as an element of our international expansion strategy," said Ian Robertson, Chief Executive Officer of APUC. "This incremental investment in Atlantica deepens our interest in an attractively-priced portfolio of high quality, international operating assets, one which is accretive to APUC's earnings."
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