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Announced

Completed

Downing Renewables & Infrastructure Trust completed the acquisition of hydropower operations of Fortum for €65m.

Financials

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Transaction Value£58m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Alternative Fuels

Cross Border

Single Bidder

Electrical power generation

Acquisition

Friendly

Private

Sweden

Majority

Completed

Private Equity

Synopsis

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Downing Renewables & Infrastructure Trust, a renewable energy investing company, completed the acquisition of hydropower operations of Fortum, a Finnish state-owned energy company, for €65m ($78m). "Hydropower is a key energy source in the drive towards 100% renewable energy in Sweden by 2040 and is a key sector focus for DORE. The sector provides predictable long-term cash flows from assets that have much longer lives than other renewable energy technologies such as wind and solar," Downing Renewables & Infrastructure Trust.

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