Announced
Completed
Financials
Sources
Tags
energy supplier
Alternative Fuels
Singapore
Majority
Acquisition
Friendly
Completed
Private
Cross Border
Single Bidder
Synopsis
ACCIONA Energia, a pioneer in the installation of large photovoltaic plants, completed the acquisition of a majority stake in The Blue Circle, a green energy supplier. Financial terms were not disclosed. “Following ACCIONA Energía´s investments in Australia, we are eager to join The Blue Circle to enter the renewable energy markets of Southeast Asia. This opens a new growth opportunity for us with an experienced leader in the region and I am excited by the synergies between The Blue Circle and ACCIONA Energía that this transaction will enable," Rafael Mateo, ACCIONA Energia CEO.
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