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Vestas Wind Systems M&A Activity 2020
3390_iss_2020-12-18_9a0324dd-2068-4480-8fa7-b824788900ef.pdf
M&A Activity
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Company announcement from Vestas Wind Systems A/S
Aarhus, 18 December 2020 Company announcement no. 45/2020 Page 1 of 1
Vestas to acquire a 25 percent stake in Copenhagen Infrastructure Partners P/S
Vestas Wind Systems A/S (Vestas) has today entered into an agreement with the investment management company Copenhagen Infrastructure Partners P/S (CIP), whereby Vestas will acquire a 25 percent minority stake in CIP's parent companies. The stake will be acquired at a price of EUR 500m, in the form of EUR 180m as upfront payment, and EUR 320m as an earnout.
With the investment, Vestas seeks to create value across a wider range of the renewable value chain.
The transaction is expected to be completed in the first quarter of 2021.
Following this company announcement, a press release will be published and available at vestas.com with more details on the acquisition.
Contact details Vestas Wind Systems A/S, Denmark
Patrik Setterberg, Vice President Investor Relations Tel: +45 6122 1913
Mathias Dalsten, Specialist Investor Relations Tel: +45 2829 5383
Vestas Wind Systems A/S Hedeager 42, 8200 Aarhus N, Denmark Tel: +45 9730 0000, [email protected], www.vestas.com Company Reg. No.: 10 40 37 82 Company Reg. Name: Vestas Wind Systems A/S