PARIS (Agefi-Dow Jones) – The construction and concessions group Vinci announced on Friday that it had finalized the acquisition of Cobra IS, the entity bringing together the activities of the Spanish company ACS in energy.
Vinci announced last April that it had signed an agreement to buy these activities for an amount of 4.9 billion euros, representing an enterprise value of 4.2 billion euros.
“ACS will receive a price supplement of 40 million euros for each new gigawatt (GW) of renewable energy developed by Cobra IS over a period of 8.5 years, up to a total limit of 15 GW, or a maximum additional amount of 600 million euros, “Vinci said in a statement.
-Dimitri Delmond, Agefi-Dow Jones; +33 (0) 1 41 27 47 31; [email protected] ed: VLV
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December 31, 2021 02:43 ET (07:43 GMT)