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Pampa Energia Acquires Remaining 50% Stake in Greenwind


Marketline - Deals  

 

    Deal In Brief

    Pampa Energia S.A., informs that, Pampa Group has acquired from its former business partner for an amount of USD20.5 million, its indirect participation in Greenwind S.A. (representing 50% of its capital stock and votes), a company whose only asset is the Mario Cebreiro Wind Farm ('PEMC'), with an installed capacity of 100 MW

    Therefore, with the 50% of the shares already owned by the Company, Pampa Group will control 100% of the shares and voting rights of Greenwind S.A.. Moreover, we inform that as of June 30, 2022, the net debt of Greenwind S.A. at 100% amounts to USD65 million

    This acquisition is in line with the Group's strategy to focus on the expansion of Pampa's core business, the increase of the production and development of unconventional natural gas reserves and the increase in its portfolio of efficient power generation.

    Deal Value (US$ Million) 20.5
    Deal Type Acquisition
    Sub-Category Minority Acquisition
    Deal Status Completed: 2022-08-15

    Deal Participants

    Target (Company) Greenwind S.A.
    Acquirer (Company) Pampa Energia S.A
    Vendor (Company) Undisclosed Company

    Deal Rationale

    % Acquisition 50%

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