2022-08-11
http://w3.windfair.us/wind-energy/news/41084-repsol-eip-acquisition-renewables-business-price-sonsortium-credit-agricole-assurances-stake

Repsol sells 25% stake to EIP and Crédit Agricole Assurances

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Repsol's Board of Directors today approved the sale of a 25% stake in Repsol Renewables to the consortium formed by the French insurance company Crédit Agricole Assurances and Switzerland-based Energy Infrastructure Partner (EIP) for €905 million.

Official Press Release Repsol:

Repsol adds EIP and Crédit Agricole Assurances as partners to grow its Renewables business

Wind Industry Profile of
Repsol adds EIP and Crédit Agricole Assurances as partners to grow its Renewables business

Crédit Agricole Assurances and Energy Infrastructure Partners (EIP) have signed an agreement to acquire 25% of Repsol Renovables for €905 million / This price implies valuing Repsol’s renewables business at €4.383 billion, including debt / The agreement was approved at an extraordinary meeting of the Board of Directors held today.

Repsol's Board of Directors today approved the sale of a 25% stake in Repsol Renewables to the consortium formed by the French insurance company Crédit Agricole Assurances and Switzerland-based Energy Infrastructure Partner (EIP) for €905 million. The transaction, a new milestone in the fulfillment of the multi-energy company's 2021-2025 Strategic Plan, values Repsol's renewable business at €4.383 billion, including debt... ... More: Official Press Release Repsol

Keywords:
Repsol, EIP, acquisition, renewables business, price, sonsortium, Crédit Agricole Assurances, stake







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