Saeta Yield has reached an agreement with Corporación America and Grupo San José to acquire 100% of Carapé I and II, two operating wind farms for a total cash consideration of c. USD 65 million. This agreement is subject to condition precedents being met. The acquisition will be funded with available liquidity and is expected to close in the first semester of 2017. The acquisition will be value accretive and cash yield enhancing from year one. Precise details on cash yield and relevant economic figures will be provided on closing. Once completed, this acquisition will bring significant benefits to Saeta Yield: Related Documents: Press Release Saeta Yield SA published this content on 10 March 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 March 2017 08:34:16 UTC.
Renewable energy company Carapé I is set to become one of the largest independent players in the Uruguayan wind sector with its accretive acquisition of operating wind farms Saeta Yield and II for a cash consideration of $65m. The deal is set to close, subject to condition precedents being met, in the first semester of 2017, and is Carapé I's first entry into the Uruguayan market.