M&A Activity • Feb 11, 2013
M&A Activity
Open in ViewerOpens in native device viewer
PRESS RELEASE
Paris La Défense, February 11, 2013
Séchilienne Sidec is to sell its wind-power business to EDF Energies Nouvelles for €59 million and an additional amount for wind-power projects currently underway.
Séchilienne Sidec's six wind farms located in France, which generated 106 GWh of power in 2012, have a combined installed capacity of 56.5 MW. They represent approximately 2% of group revenues, 2% of consolidated net income and 5% of EBITDA. There are a further five wind-power projects under development.
This transaction is part of the group's strategy to focus on exploiting biomass as an energy source. The sale will afford Séchilienne Sidec additional resources to develop projects in the fields of thermal biomass, biomethanization and solar energy, both in France and in some specially chosen foreign countries.
According to Jacques Petry, CEO Séchilienne Sidec, "This transaction is an important step in the implementation of our strategy to focus on biomass energies. The wind power facilities we are selling are high-quality assets that have been developed and operated efficiently by our teams. "
Next scheduled communication: annual results and strategic review on March 19' 2013
About Séchilienne-Sidec - Séchilienne-Sidec is an independent energy producer, with 20 years of experience in generating electricity from biomass resources. The group specializes in operating medium-sized power plants in complex environments where close cooperation with the industries supplying the biomass is essential. Séchilienne-Sidec is also a leading producer of photovoltaic power-generated electricity. For more information, please visit: www.sechilienne-sidec.com.
Media Contacts - HeadLand Consultancy Investor Contacts Sophie Ryan +33 (0)1 44 50 40 39, Julien Gauthier +33 1 41 16 82 75, [email protected] [email protected]
Constance Guillot-Chêne +33 (0)1 44 50 40 34, [email protected]
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.