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BRIEF-ACWA Power Sells 49% Stake In ACWA Power Uzbekistan Project Holding

BRIEF-ACWA Power Sells 49% Stake In ACWA Power Uzbekistan Project Holding

Reuters · 09/14/2022 08:56
BRIEF-ACWA Power Sells 49% Stake In ACWA Power Uzbekistan Project Holding

- ACWA POWER 2082.SE:

  • ANNOUNCES THE SIGNING OF THE SALE OF ITS 49% STAKE IN ACWA POWER UZBEKISTAN PROJECT HOLDING COMPANY

  • TRANSACTION VALUE USD 130 MILLION

  • TRANSACTION INCLUDES INVESTORS PORTION OF EQUITY BRIDGE LOAN AND EQUITY IN SUBORDINATED ADVANCE FORM

  • SALE OF COMPANY’S 49% STAKE IN UZBEKISTAN PROJECT WITH A SUBSIDIARY OF SILK ROAD FUND OF CHINA – CVXF INC

  • SALE IS PART OF ACWA POWER’S CAPITAL RECYCLING STRATEGY

  • PROCEEDS WILL BE USED FOR GENERAL CORPORATE PURPOSES

Source text for Eikon: ID:

Further company coverage: 2082.SE


((Reuters.Briefs@thomsonreuters.com;))