Macquarie/Wren House Infrastructure Management €2.5 billion acquisition of EON's Spain and Portugal business

Overview:

• A consortium of Macquarie European Infrastructure Fund IV and Wren House Infrastructure Management (a subsidiary of Kuwait Investment Authority) has acquired EON's Spanish and Portuguese assets.
• The enterprise value of the transaction is €2.5 billion.
• The deal is part of EON's wider strategy to divest its assets in Southern Europe in order to cut its debt and free up capital for future investments.
• The assets consist of 2.9GW of thermal power plants and 1.1GW of renewable energy plants along with 650,000 electricity and gas customers and 32,000 km of electricity distribution network.

Sam Duke - Editor