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Acciona SA’s Acciona Energia, Through Acciona Energia Inversiones Corea SL, Sells 100% Stake In Yeong Yang Wind Power Corporation


Monday, 11 Nov 2013 02:11am EST 

Acciona SA announced that its unit Acciona Energia, through one of its affiliates Acciona Energia Inversiones Corea SL, has executed a sale and purchase agreement with a company wholly owned by a South Korean investment fund over the whole share capital of Yeong Yang Wind Power Corporation, which owns an operating windfarm named Yeong Yang 1 (61.5 MW) located in the province of Gyeongsangbuk-Do (Corea). The transaction’s consideration amount is KRW 162 billion (EUR 114 million), including a net debt of KRW 28 billion (EUR 20 million). The effectiveness of the transaction is subject to a number of conditions, whose fulfillment is estimated before December 31, 2013. 

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