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Announced

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Energy Infrastructure Partners and Crédit Agricole Assurances completed the acquisition of a 25% stake in Repsol Renovables from Repsol for $1.15bn.

Financials

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Transaction Value£938m
Consideration TypeCash
Capital Owned-
Capital Bid For25%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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renewable energy

Alternative Fuels

Cross Border

Private Equity

Private

Majority

Acquisition

Spain

Friendly

Completed

Synopsis

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Investment firms Energy Infrastructure Partners and Crédit Agricole Assurances, completed the acquisition of a 25% stake in Repsol Renovables, the renewable energy investment division of Repsol, an energy firm, for $1.15bn. “Fully in line with Crédit Agricole Group's commitments in favor of the climate, Crédit Agricole Assurances is actively contributing to a low-carbon economy through its investments in the energy transition. This investment alongside Repsol and EIP is a new step, contributing to reach our objective of 14 GW of installed capacity by 2025," Philippe Dumont, Crédit Agricole CEO.

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