Abengoa: Sale of European bioethanol plants
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Trilantic Europe has signed an agreement to acquire the bioethanol plants, owned by the company, located in Cartagena, La Coruña, Salamanca and Lacq.
This transaction represents a further step in the company’s viability plan and culminates the process of selling biofuel assets in Europe.
The deal, which is part of Abengoa's divestment plan, is valued at 140 M€ including the debt assumed by the buyer and the minority interests.
Abengoa (MCE: ABG/P:SM), the international company that applies innovative technology solutions for sustainability in the energy and environment sectors, and Trilantic Europe have signed an agreement to acquire its four bioethanol plants in Spain and France. The deal is valued at 140 M€ including the debt assumed by the buyer and the minority interests.
Closing of the transaction is expected to take place once a number of conditions precedent have been met.
This operation, along with other ones planned by the company currently in advanced stages of negotiation, represents a further step in the company’s viability plan in which the company is currently carrying out and culminates the process of selling biofuel assets in Europe. Over the past months, Abengoa has announced its agreement with Ericsson for the sale of its subsidiary Abentel, its participation in the solar thermal plant Shams-1 in the United Arab Emirates, as well as the Campo Palomas wind farm in Uruguay and its participation in Yoigo, among others.
About Trilantic Europe
Trilantic Europe is a private equity firm focused on control and co-control investments in leading mid-market companies in Western Europe. Trilantic Europe currently manages two institutional private equity funds with aggregate capital commitments of €1.5 billion.
Abengoa (MCE: ABG/P:SM) applies innovative technology solutions for sustainability in the energy and environment sectors, generating electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water.
Cristina Cabrera Angulo
Tel: +34 954 93 71 11
Investor Relations & Capital Markets:
Izaskun Artucha Corta
Tel: +34 954 93 71 11