EDF divests 25% stake in Alpiq to EBM and EOS
Following the approval from their respective governance bodies, EDF, EBM (Coopérative Elektra Birseck) and EOS Holding SA signed an agreement on EDF's disposal of its stake in Swiss power producer Alpiq, representing 25.04% of the company's capital and voting rights to EBM and EOS. Each entity will acquire half of the stake.
The transaction values at CHF489 million (US$481 million). The Shares Purchase Agreement includes potential earn-out mechanisms.
The acquisition by EBM and EOS will be financed through mandatory exchangeable loans in Alpiq's shares raised from CSA Energy Infrastructure Switzerland, a fund managed by Credit Suisse Energy Infrastructure Partners.
Completion of the transaction is subject to the approval by the German competition authority and is expected to occur by end of H1 2019.
Country updates
-
-
April 05, 2019
ENGIE takes over tiko through a capital increase
ENGIE has announced the takeover of tiko through a capital increase. Swisscom and Repower, current tiko shareholders, retain their stake in the company's capital. tiko, a Swiss startup established in...
Read more -
April 05, 2019
NEC completes the installation of Switzerland’s largest energy storage system
NEC Energy Solutions (NEC ES) has completed the installation of the 18 MW/ 7.5 MWh energy storage system. The project is located in an existing substation in Volketswil, near Zurich, Switzerland. The...
Read more -
January 21, 2019
Hitachi plans to acquire 80.1% stakes in ABB's power grid unit
Hitachi Ltd eyes purchase of an 80.1% stakes in power grid unit of the Swiss company, ABB Ltd, for a total consideration of US$11 billion. The company unit focuses on the on building ...
Read more -
November 19, 2018
Hitachi in talks with ABB for power grid unit sale
Switzerland's ABB is in talks with multiple interested companies including Hitachi, Mitsubishi Electric Corp, and State Grid of China for the sale of its power grid units. The&nbs...
Read more -
July 02, 2018
SUSI Energy Storage Fund hits €252 million final close
The SUSI Energy Storage Fund (SESF) has reached the final closure having received capital commitments of €252 million (US$292,62 million) from institutional investors in Germany, t...
Read more
