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Announced

Completed

Hana Financial completed the acquisition of Yamaguchi Shin Mine from Canadian Solar for $201m.

Financials

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Transaction Value£156m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

solar power plants

Private

Renewable Energy Equipment

Completed

Acquisition

Friendly

Majority

Japan

Cross Border

solar energy assets

Synopsis

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Hana Financial, a financial services provider, completed the acquisition of Yamaguchi Shin Mine, a solar power plant, from Canadian Solar, a solar energy company, for $201m. "Canadian Solar is excited to announce the completion of the sale of our Shin Mine project. This transaction structure ensures that we capture stable, long-term revenue streams for our asset management and operations and maintenance services. We expect to grow this business as we work to enhance and retain greater share of the value creation throughout the life cycle of solar power plants," Shawn Qu, Canadian Solar Chairman and CEO.

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