Deals
Macquarie Reaches Deal to Buy Rest of Spain’s Viesgo
- Australian investor buys 40% stake from Wren House Infra
- Deal values Spanish power producer at about 3 billion euros
Photographer: Denis Doyle/Bloomberg
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Macquarie Group Ltd.’s infrastructure arm has agreed to buy the 40% of Viesgo it doesn’t already own in a transaction valuing the Spanish electricity distributor at about 3 billion euros ($3.3 billion), a person familiar with the matter said.
Macquarie is buying the stake from Wren House Infrastructure, said the person, who asked to not be identified because the matter isn’t public. Macquarie already owns 60% of Viesgo.