Acquisition facility to be used for purchase of EDPR France stake

By Sara Rosenberg

New York, Oct. 2 – The acquisition of a 49% interest in EDPR France by the private equity arm of EFG Hermes will be funded in part by an acquisition finance facility secured from European banks, according to a news release.

The current expectation is that the financing facility will cover about half of the $208 million purchase price.

Completion of the transaction is subject to regulatory approval and other customary conditions.

EDPR France, a subsidiary of EDP Renewables has a portfolio of 33 operational wind farms with a combined gross capacity of 334 MW.

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