Spanish Wind Developer Scoops up Portuguese Co.

[] Spanish wind power developer ENDESA signed an agreement with Sacyr Vallehermoso for the acquisition of 100% of the share capital of Portuguese company Finerge Gestao de Proyectos Energeticos, S.A. (FINERGE), umbrella company of a holding which operates wind farms and co-generation plants in Portugal. The company, which has 43 subsidiaries, owns projects already in operation whose installed capacity is 60 MW and projects under construction or in the pipeline with a capacity of 260 MW. The operation is valued at Euro 166.12 million, of which Euro 149 million correspond to the acquisition price and the remaining Euro 17.05 million to the amount of loans granted to the company by its current shareholders.
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