Isolux Corsán receives green light to sell Grupo T-Solar and high-voltage lines in Brazil
Isolux Corsán logra luz verde para vender el Grupo T-Solar y las líneas de alta tensión en Brasil
Intel ID : 236281
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Isolux Corsán received green light to sell Grupo T-Solar and high-voltage lines in Brazil, after closing the segregation of the concessionaires of its subsidiary Isolux Infrastructure, which it controls jointly with Canadian pension fund PSP Investments, as reported by the company through a press release on 3 May 2016. Specifically, Isolux Corsán will control the electricity transmission assets and the photovoltaic solar projects held by Grupo T-Solar. PSP Investments, on the other hand, will control highway concessions and transmission line of Texas WETT. The company said the process of segregation was exremely complex, and has required in excess of 150 regulatory approvals from authorities and financial institutions in the United States, Brazil, India, Spain, Mexico and Peru.
(content in spanish)
Isolux Corsán ha logrado luz verde para poder vender T-Solar y las líneas de alta tensión de Brasil tras cerrar la segregación de los activos concesionales de su filial Isolux Infrastructure, de la que formaba parte con el fondo de pensiones canadiense PSP Investments, según ha informado la propia compañía en una nota de prensa el 3 de mayo de 2016. En concreto, Isolux Corsán pasa a controlar los activos de transmisión eléctrica así como los proyectos solares fotovoltaicos de Grupo T-Solar. PSP Investments por su parte asume la propiedad de las concesiones de autopistas y la línea de transmisión de Texas WETT. La compañía ha indicado que el proceso de separación ha sido extremadamente complejo, y ha necesitado más de 150 aprobaciones regulatorias de competencia y de entidades financieras en Estados Unidos, Brasil, India, España, México y Perú. |
Relevant Documents
| Press Release | 03 May 2016 | Isolux_Corsan_Nota_de_Prensa_2016.pdf | ES |
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| Intel ID | 236281 | ||||
| Value | ND | ||||
| Native Currency | Euro (EUR) | ||||
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Financial Data - Grupo T-Solar
(31 Dec 2020) |
Revenue: EUR 152,77m EBITDA: EUR 111,70m Net Debt: EUR 2.388,39m People: 29 |
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| Primary Sector (TTRSC) |
20.04.08 Solar Power 20 Energy & Utilities / 20.04 Renewable Energy |
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10.01.02 Consulting & Professional Development Services 10 Business Services / 10.01 Business & Professional Support Services |
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35.03.03 Construction & Engineering (Non Residential) 35 Industrials / 35.03 Construction & Engineering |
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20.04.07 Renewable Energy Equipment 20 Energy & Utilities / 20.04 Renewable Energy 35.03.05 Homebuilders (Residential) 35 Industrials / 35.03 Construction & Engineering 35.09.05 Toll Bridges, Roads & Highways 35 Industrials / 35.09 Transport Infrastructure |
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25.01.01 Asset Management 25 Financial Services / 25.01 Banking & Investment |
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35.09.05 Toll Bridges, Roads & Highways 35 Industrials / 35.09 Transport Infrastructure |
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Mergers & Acquisitions
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Legend:
Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
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.