FRANKFURT (Reuters) – A consortium led by Dutch pension fund APG has agreed to buy German offshore wind park Merkur in a deal valuing one of Europe’s largest renewable energy projects about 2 billion euros ($2.20 billion), two sources close to the matter said.
Merkur, whose construction was completed last year, was put on the block by a consortium comprising Partners Group (PGHN.S), InfraRed, DEME and GE Capital.
A statement announcing the sale is expected on Tuesday, the sources said.
APG and infrastructure investor TRIG competed against other groups of investors including Sweden’s IKEA as well as state-backed China Three Gorges, which were also shortlisted in the auction, two other sources said.
Partners was not immediately available to comment and APG declined to comment.
Source: Read Full Article
Home » Analysis & Comment » APG-led group to snap up German offshore wind park Merkur for 2 billion euros: sources
APG-led group to snap up German offshore wind park Merkur for 2 billion euros: sources
FRANKFURT (Reuters) – A consortium led by Dutch pension fund APG has agreed to buy German offshore wind park Merkur in a deal valuing one of Europe’s largest renewable energy projects about 2 billion euros ($2.20 billion), two sources close to the matter said.
Merkur, whose construction was completed last year, was put on the block by a consortium comprising Partners Group (PGHN.S), InfraRed, DEME and GE Capital.
A statement announcing the sale is expected on Tuesday, the sources said.
APG and infrastructure investor TRIG competed against other groups of investors including Sweden’s IKEA as well as state-backed China Three Gorges, which were also shortlisted in the auction, two other sources said.
Partners was not immediately available to comment and APG declined to comment.
Source: Read Full Article