Announced
Financials
Sources
Tags
Majority
Single Bidder
Friendly
Private
Conventional Electricity
Acquisition
electricity distributor
Pending
Spain
Cross Border
Disposal
Private Equity
Synopsis
Energias de Portugal, the Portugal’s largest utility, agreed to acquire Viesgo, the fourth distributor of electricity in Spain, from Macquarie Group, a diversified financial group, for $2.28bn incl. debt. “This new partnership will pave the way for a joint project at the forefront of the energy sector both in competitiveness and innovation and with enormous growth potential," Miguel Antoñanzas, Viesgo President.
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