Saeta Yield closes the acquisition of Lestenergia in Portugal for 104 million euros, with international recurrent cash flow now representing 18%

Saeta Yield has completed the acquisition of Lestenergia, a portfolio of nine operational wind farms totalling 144 MW located in Portugal. The cash consideration of the acquisition is approximately 104 million euros (representing a total enterprise value on the acquisition date of 186 million euros, including the existing debt). The deal will increase recurrent cash available for distribution by 2.4 million euros, to 75.5 million euros, a 19% rise on the figure announced on the Company’s IPO in 2015. Saeta Yield plans to achieve 50% of this cash flow from foreign sources by 2019. With this acquisition, the Company is a step closer to achieving that target, with 18% of cash flow from foreign sources and 23% of its installed capacity in Portugal and Uruguay.

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