Brief: Acciona Energia Sells Its Hydroelectric Assets To Endesa For 1.00 Bln Euros

Corporacion Acciona Energias Renovables SA

15/11/2024 16:47

Nov 15 (Reuters) - Corporacion Acciona Energias
Renovables SA  ANE.MC :
    * AGREEMENT REACHED FOR SALE OF HYDROELECTRIC ASSETS LOCATED
IN
SPAIN
    * AGREEMENT WITH ENDESA TO SELL 100% OF SHARE CAPITAL OF
CORPORACION ACCIONA HIDRAULICA
    * DEAL FOR 1.00 BILLION EUROS
    * TRANSACTION TO GENERATE ESTIMATED CAPITAL GAIN OF 620
MILLION
EUROS TO ACCIONA ENERGIA
    * CLOSING OF TRANSACTION EXPECTED IN FIRST HALF OF 2025
    * CORPORACION ACCIONA HIDRAULICA IS DIRECT OWNER OF 34
HYDROPOWER
PLANTS IN SPAIN, WITH 626 MW INSTALLED CAPACITY

Source text:  ID:nCNM1dKLWP 
Further company coverage:  ANE.MC 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))