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Announced

bp to acquire the remaining 50% stake in Lightsource for £254m.

Financials

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Transaction Value£254m
Consideration TypeCash
Capital Owned50%
Capital Bid For50%
EV/Sales-
EV/EBITDA1.77x
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

Private

Pending

Single Bidder

Majority

United Kingdom

solar energy

Alternative Fuels

Friendly

Synopsis

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bp, an oil and gas company, agreed to acquire the remaining 50% stake in Lightsource, a solar developer, for £254m. “This is a natural evolution of the partnership we have built over the past six years - now we will be able to take Lightsource to the next level of profitable growth and performance. We will continue to scale this successful business, and also apply its capabilities and expertise to help meet bp’s growing demand for low carbon power from our transition growth engines. I look forward to welcoming the Lightsource team to bp and am confident that together we can further strengthen its position as a leading global renewables developer,” Anja-Isabel Dotzenrath, bp Executive VP.

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