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New Deal


Announced

Repsol bought Viesgo's low-emissions assets and retail business for €750m from Macquarie and Wren House.

Financials

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Transaction Value£661m
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

hydropower

Alternative Electricity

electricity trade

Private Equity

Acquisition

Friendly

Spain

Electricity Distribution

Single Bidder

Synopsis

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Repsol purchased unregulated low-emissions Viesgo's power generation businesses as well as its gas and electricity retail clients for €750m from Viesgo, owned by from Macquarie Infrastructure and Real Assets and Wren House Infrastructure. With this transaction, Repsol takes a decisive step in its roadmap for the energy transition by operating a low-emissions business with a profitable, longterm position, in line with its commitment to the fight against climate change. “This strategic transaction will allow Viesgo to increase its focus on its regulated asset base, ensuring that it is well positioned to capitalise on new opportunities resulting from the increased electrification of the economy, and the ongoing energy transition. Viesgo is embracing new technological developments and embarking on a significant digital transformation plan, which we are confident will allow it to build on its strong market position,” said Juan Caño, Head of Iberia, MIRA and member of the Board of Directors of Viesgo.

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