Radar > 221969

ACS could be negotiating with Hong Kong sovereign fund the sale of a stake in Saeta Yield

ACS podría estar negociando con un fondo soberano de Hong Kong la venta de una participación en Saeta Yield

Intel ID : 221969
Synopsis

Spain-based ACS could be negotiating with Hong Kong sovereign fund the sale of a stake in Saeta Yield, which is currently inmersed in the middle of an IPO for a 51% stake in its share capital. (see related transaction)

The sovereign fund would acquire between 5% and 10% of the capital, through which it would be one of the largest shareholders, following ACS and Global Infrastructure Parteners - GIP, which reached an agreement with ACS to subscribe up to 24,40% of the capital. (see related transaction)
(content in spanish)

La empresa española ACS podría estar negociando la entrada de un fondo soberano de Hong Kong en el accionariado de su filial Saeta Yield, que se encuentra inmersa en una salida a bolsa del 51% de su capital (ver transacción relacionada).

El fondo soberano tomaría una participación de entre el 5% y el 10%, lo que lo colocaría como uno de accionistas con más participación de la compañía, tras ACS y Global Infrastructure Partners - GIP, que ha suscrito un acuerdo con ACS para adquirir hasta un 24,40% de Saeta Yield (ver transacción relacionada).

Target

Seller

ACS
Spain

Intel ID 221969
Value ND
Native Currency Euro (EUR)
Financial Data - Saeta Yield
(31 Dec 2017)
Revenue: EUR 332,57m
EBITDA: EUR 242,33m
Net Debt: EUR 1.790,33m
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Target

Name
verified
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Solar (Primary)
Energy and Renewable Energies / Wind
Energy and Renewable Energies / Geothermal
Primary Sector (TTRSC)
20.04.08 Solar Power
20 Energy & Utilities / 20.04 Renewable Energy

Secondary Sectors (TTRSC)
20.04.03 Geothermal
20 Energy & Utilities / 20.04 Renewable Energy

20.04.09 Wind Power
20 Energy & Utilities / 20.04 Renewable Energy

25.04.03 Holding Companies / Financial Holding Companies
25 Financial Services / 25.04 Other Financial Services

Country
Website
Description

Seller

Name
verified
Subsector (Old TTR Sectors)
Real Estate and Construction / Construction (Materials and Machinery) (Primary)
Primary Sector (TTRSC)
35.03.03 Construction & Engineering (Non Residential)
35 Industrials / 35.03 Construction & Engineering

Country
Website
Description

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Equity Capital Markets

Date Issuer/Buyer Type Country VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.