LONDON: ContourGlobal plc completed the previously announced sale of its Brazilian hydro-electric generation business to Infraestrutura Brazil Holding XVII S.A. and Infraestrutura Brasil Holding XIX S.A. (“Pátria Investments”). The Brazilian Hydro Business comprises nine run-of-river hydro-electric generation assets with 168MW of gross capacity. The Brazilian Hydro Business was divested for BRL 1.74bn including the assumption…
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ContourGlobal’s subsidiary sells Brazil hydro business for $313mn
LONDON, UK: Kani Lux Holdings, a majority-owned subsidiary of ContourGlobal plc, has signed a definitive agreement with Pátria Investments to sell its Brazilian hydro power plants (Brazil hydro business) for a total cash consideration of 1.73 billion BRL ($313 million USD) including the assumption of net debt and other customary adjustments. The transaction is expected…
ContourGlobal & EIP buy Italy’s Green Hunter Group for €45.6mn
LONDON, UK: ContourGlobal plc, in partnership with Energy Infrastructure Partners AG (EIP), has completed the acquisition of Green Hunter Group S.p.A., a portfolio of Solar Photovoltaic assets totalling 18 MW located in Italy. It was signed on June 4, 2021 and completed on 23 November for €45.6 million on a debt free, cash free basis.…