Naturgy Energy Group, S.A. (BME:NTGY) signed an agreement to acquire ASR Wind from Ardian Infrastructure Fund V, managed by Ardian, and Exus Management Partners on May 16, 2023. The deal has an enterprise value of €650 million. The transaction is subject to regulatory clearance. Naturgy Energy Group has completed the competition procedures. The transaction is expected to complete at the end of July. Verónica Romaní, Ignacio de Loyola and Maria Gabilondo of Gómez-Acebo & Pombo Abogados, S.L.P. acted as legal advisor to Naturgy Energy Group, S.A. (BME:NTGY). Alejandro Meca of Linklaters, S.L.P. advised Ardian on the tax aspects. Clifford Chance France acted as legal and Santander Global Corporate Banking acted as financial advisor to Ardian. AZ Capital, S.L. acted as legal advisor to Naturgy Energy Group, S.A. (BME:NTGY).

Naturgy Energy Group, S.A. (BME:NTGY) completed the acquisition of ASR Wind from Ardian Infrastructure Fund V, managed by Ardian, and Exus Management Partners for an enterprise value of €650 million on May 17, 2023. The transaction implies a 2023E EV/EBITDA ratio of around 8.0x.