Breaking News: Energy Capital Partners and Co-Investors Secure Acquisition Approval from High Court of Justice in England and Wales!
Acquisition by Energy Capital Partners and Co-Investors Approved by the High Court of Justice of England and Wales
December 10, 2024 – Atlantica Sustainable Infrastructure plc (NASDAQ: AY) (“Atlantica” or the “Company”), announced today that the High Court of Justice of England and Wales (the “Court”) has sanctioned the scheme of arrangement providing for the proposed acquisition of the Company by California Buyer Limited (“Bidco”), a vehicle controlled by funds managed by Energy Capital Partners (“ECP”) and which includes a large group of institutional co-investors (the “Transaction”), at a hearing held earlier today. On May 27, 2024, Atlantica entered into an agreement pursuant to which 100% of its shares would be acquired by Bidco for $22 per share in cash.
The acquisition approval by the High Court of Justice in England and Wales marks a significant milestone for Energy Capital Partners and Co-Investors. The acquisition of Atlantica by Bidco is set to bring about a major transformation in the sustainable infrastructure sector.
How Will This Acquisition Affect Me?
As an investor or stakeholder in Atlantica Sustainable Infrastructure plc, the approval of the acquisition by Energy Capital Partners and Co-Investors can have a direct impact on your investments. It is important to closely monitor the developments and implications of this acquisition on the company’s operations and financial performance.
How Will This Acquisition Affect the World?
The acquisition of Atlantica by Energy Capital Partners and Co-Investors signifies a growing interest and investment in sustainable infrastructure projects globally. This acquisition has the potential to drive innovation and growth in the renewable energy sector, contributing towards a more sustainable and eco-friendly world.
Conclusion
The approval of the acquisition by the High Court of Justice in England and Wales is a significant step in the journey of Energy Capital Partners and Co-Investors towards transforming the sustainable infrastructure landscape. This move is set to have far-reaching impacts on both individual investors and the world at large, paving the way for a more sustainable future.