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New Deal


Announced

NBIM to acquire a 49% stake in a 1.25k MW portfolio in Spain from Iberdrola for $650m.

Financials

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Transaction Value£531m
Consideration TypeCash
Capital Owned-
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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wind energy

Private

Alternative Fuels

solar energy

Spain

Private Equity

Acquisition

Pending

Single Bidder

Minority

Friendly

Cross Border

Synopsis

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Norges Bank Investment Management, a fund manager, agreed to acquire a 49% stake in a 1.25k MW portfolio in Spain from Iberdrola, an energy utility, for $650m. The alliance between Iberdrola and Norges Bank Investment Management joins two preferred partners in a relationship that could be extended to additional renewable energy opportunities in further markets.

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