Announced
Financials
Sources
Tags
United States
renewable energy
power generation
Alternative Fuels
Acquisition
Cross Border
Majority
Private Equity
Private
Pending
Friendly
Single Bidder
Synopsis
Repsol, a multinational energy and petrochemical company, agreed to acquire ConnectGen, a a multi-technology renewable energy platform, from Quantum Capital, a private equity firm, for $768m. “This transaction is another step in our firm commitment to transforming our industry and becoming a zero net emissions company by 2050, while maintaining our profitable growth, diversification and multi-energy focus and ensuring shareholder returns. The addition of ConnectGen accelerates our commitment to renewable generation in one of the markets with the greatest potential for future growth. In that sense, bringing on board its valuable team of experts is key to ensure our successful future growth with robust profitability in the market,” Josu Jon Imaz, Repsol CEO.
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