Atlantica obtains shareholder nod for USD-2.55bn go-private deal

Atlantica Sustainable Infrastructure plc (NASDAQ:AY) on Thursday said it has secured all required shareholder approvals for its agreed USD-2.55-billion (EUR 2.33bn) takeover by energy transition investor Energy Capital Partners (ECP) and a group of institutional co-investors.

The deal, which was agreed upon in May, remains subject to court clearances and regulatory approvals in different jurisdictions, including a nod from the Committee on Foreign Investment in the US (CFIUS) and by the Federal Energy Regulatory Commission (FERC) in the US.

The parties still expect to wrap up the transaction in the fourth quarter of 2024 or early first quarter of 2025, Atlantica confirmed in the press statement.

UK-headquartered and US-listed Atlantica owns a diversified portfolio of contracted renewable energy, storage, efficient natural gas, electric transmission and water assets in North and South America, and certain markets in EMEA. The company had 2.2 GW of renewable energy plants in operation as of the end of June and generated USD 571.2 million in revenue in the first half of 2024.

(USD 1 = EUR 0.915)

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