Deals
Nordex to Acquire Spain's Acciona Windpower for $880 Million
- Deal includes 366.4 million euros cash and 16.1 million shares
- Acciona SA is expected to end up with 29.9% stake in Nordex
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Wind turbine-maker Nordex SE said it will buy a windpower business from Spain’s Acciona SA for 785 million euro ($880 million) in cash and stock to bolster its presence in the Americas and emerging markets.
Acciona will receive a cash payment of 366.4 million euros and 16.1 million new shares of Nordex priced at 26 euros each for Corporacion Acciona Windpower SL, Nordex said in a statement Sunday. The deal is expected to be completed in early 2016, subject to approvals.