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New Deal


Announced

Completed

Grupo Estrella, Grupo Linda and Grupo Popular completed the acquisition of a 20% stake in the Dominican business and 35% stake in the Colón business in Panama of AES for $338m.

Financials

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Transaction Value£266m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Dominican Republic

energy solutions

Multi-Utilities

Acquisition

Minority

Private

Friendly

Panama

Completed

Cross Border

Synopsis

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Grupo Estrella, a construction company, Grupo Linda, a Dominican utility comapany, and Grupo Popular, a commercial banking services provider, completed the acquisition of a 20% stake in the Dominican business and 35% stake in the Colón business in Panama of AES, an American utility and power generation company, for $338m. "We are very pleased to announce the closing of these transactions and to continue the great progress on our expanded and accelerated asset sale proceeds target. These transactions include the closing of the two previously announced sell-downs, as well as the sale of an additional 10% in the Dominican Republic and an additional 15% of AES Colón in Panama," Stephen Coughlin, AES Executive Vice Present and CFO.

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