Saeta Yield agrees to acquire Lestenergia from Grupo ACS for EUR 104 million

Saeta Yield has reached an agreement with ProCME, a Portuguese subsidiary of Grupo ACS, to acquire 100% of Lestenergia, a portfolio of 9 operating wind farms located in Portugal with a total installed capacity of 144MW. The total cash consideration for the acquisition is c. EUR 104 million (representing a total enterprise value of EUR 186 million). The transaction will be funded from Saeta Yield’s available liquidity. It is expected to close before year end. This is the second international transaction by Saeta Yield in 2017, following the acquisition last May of Carapé I and II in Uruguay. This makes the company advance on its international growth strategy, and reduces the dependency from Spain in terms of revenues.

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