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Announced

Macquarie to acquire a 49% stake in HEDNO from Public Power for $2.44bn.

Financials

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Transaction Value£1,775m
Consideration TypeCash
Capital Owned-
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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grid operators

Conventional Electricity

Private

Cross Border

Friendly

Pending

power grids

Acquisition

Single Bidder

Private Equity

Minority

Greece

Synopsis

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Macquarie, a multinational independent investment bank, agreed to acquire a 49% stake in HEDNO, a power grid operator, from Public Power, a power utility company, for $2.44bn. "The transition to net zero emissions is reshaping how electricity is produced, transported, and used across the Greek economy. Significant investment in electricity distribution infrastructure is needed to facilitate this rapid change," Martin Bradley, Macquarie Senior Managing Director.

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