Abengoa advances its divestment plan with the sale of its European bioethanol plants
Abengoa (MCE: ABG/P:SM), the international company that applies innovative technology solutions for sustainability in the energy and environment sectors, and Trilantic Europe have signed an agreement to acquire its four bioethanol plants in Spain and France. The deal is valued at 140 M including the debt assumed by the buyer and the minority interests.
Closing of the transaction is expected to take place once a number of conditions precedent have been met.
This operation, along with other ones planned by the company currently in advanced stages of negotiation, represents a further step in the company's viability plan in which the company is currently carrying out and culminates the process of selling biofuel assets in Europe. Over the past months, Abengoa has announced its agreement with Ericsson for the sale of its subsidiary Abentel, its participation in the solar thermal plant Shams-1 in the United Arab Emirates, as well as the Campo Palomas wind farm in Uruguay and its participation in Yoigo, among others.
About Trilantic Europe
Trilantic Europe is a private equity firm focused on control and co-control investments in leading mid-market companies in Western Europe. Trilantic Europe currently manages two institutional private equity funds with aggregate capital commitments of 1.5 billion.
Abengoa (MCE: ABG/P:SM) applies innovative technology solutions for sustainability in the energy and environment sectors, generating electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water.