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New Deal


Announced

Completed

MYTILINEOS completed the acquisition of Alberta solar power plant project from Westbridge Renewable for $255m.

Financials

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Transaction Value£203m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Canada

Cross Border

Private

Completed

Friendly

Single Bidder

Alternative Fuels

Acquisition

Majority

solar energy

Synopsis

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MYTILINEOS, an industrial conglomerate, completed the acquisition of Alberta solar power plant project from Westbridge Renewable, a renewable energy company, for $255m. "We are delighted to announce the closing of the Georgetown Project. This marks a pivotal milestone in the progress of our company as it is the company's first project being monetized, realizing our strategic vision. It stands as a testament not only to our team's dedication but to the solid business model executed over the past few years. A special acknowledgement to global leader MYTILINEOS, for its invaluable support and welcome them to the Province of Alberta. We are confident that their expertise and commitment will propel the Project forward," Stefano Romanin, Westbridge Renewable CEO and Director.

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