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Greencoat UK Wind Plc (LON:UKW) will be acquiring a 49 per cent stake in the Humber Gateway offshore wind farm from RWE.
- The company has agreed for the acquisition in association with several pension funds investing through a fund also controlled by Greencoat Capital.
- As per the agreement, Greencoat UK will acquire a net 38 per cent stake in the wind farm for consideration of £500 million, including cash and working capital.
- Pension funds will acquire a net 11 per cent for £148 million for a cash consideration of £648 million, while RWE will continue to hold the remaining 51 per cent.
- On 23 November 2020, the stocks of the company traded lower by 0.15% from its previous closing, hovering at around GBX 132.20 at 09:21 AM GMT+1.
