(CercleFinance.com) – Vinci indicates that it has finalized the acquisition of the energy activities of ACS, namely almost all of the contracting activities of the ACS Industrial Services division, nine greenfield concession projects and the project development platform of renewable energy.
The transaction price comes to 4.9 billion euros, to which will be added an additional depending on the gigawatts of ready-to-build renewable energy developed by Cobra IS over 8.5 years, representing a maximum additional amount of 600 million euros.
In addition, Vinci and ACS have finalized a joint-venture agreement, providing for the creation of a new entity which will be 51% owned by Vinci and will have the right to acquire, at market price, the assets of renewable energy developed by Cobra IS.
Copyright © 2021 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
