Macquarie – Sale of power asset in Spain

Macquarie and Wren House have sold the bulk of Viesgo’s non-regulated assets. The transaction, which has an enterprise value of EUR 750m, involves the sale to Madrid-based energy company Repsol of part of the business, including two CCGT and several hydro plants. Repsol is also buying Viesgo’s electricity and gas services arm, which includes smart meter management.