(CercleFinance.com) – Eurazeo announces that it has reached an agreement with a consortium led by Macquarie Asset Management, for the sale of its 47% stake in Reden Solar, based on an enterprise value of €2.5 billion. euros.
This transaction would generate disposal proceeds of €632 million for Eurazeo, ie a cash-on-cash multiple of 4.3 and an internal rate of return of around 42%. Its implementation remains subject to the agreement of the regulatory and competition authorities.
As one of the main independent producers of photovoltaic renewable energy, Reden Solar is present in eight countries, with an operational capacity of more than 750MW and a significant development pipeline.