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New Deal


Announced

JERA, NTT to acquire Green Power Investment from Pattern Energy Group for c. $2.18bn.

Financials

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Transaction Value£1,753m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Japan

energy production

Acquisition

Domestic

Private

Friendly

Majority

Pending

Alternative Electricity

Synopsis

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Energy companies JERA and NTT, agreed to acquire Green Power Investment, a renewable energy company, from Pattern Energy Group, a developer of renewable energy facilities, for c. $2.18bn. “Through GPI, we together with NTT Anode Energy will expand renewable energy businesses in Japan. Also, we will create synergies in offshore wind power businesses as part of our global strategy. Furthermore, we expect to strengthen our relationship with NTT group in the future," Yukio Kani, JERA Chairman and Global CEO.

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