Ventient Energy Europe Finco SARL completed the acquisition of Portugal Renewable Energy-PTRW, Unipessoal Lda from CK Infrastructure Holdings Limited and Power Assets Holdings Limited (SEHK:6).
Closing of the Transaction will be conditional upon satisfaction of the following conditions: (i) the Portuguese Competition Authority approving the Transaction; and (ii) waivers from certain financing banks of the Target Group having been obtained. Save as otherwise agreed by the parties, closing shall take place on the tenth Business Day, following the date of satisfaction of the last of the conditions precedent. If the above conditions are not satisfied by three months after the date of the Quota Sale and Purchase Agreement that is November 17, 2020, the Seller or the Purchaser may terminate the Quota Sale and Purchase Agreement. The proceeds from the Transaction will further strengthen CKI's and PAH's respective financial capabilities for new investment opportunities. Barclays PLC acted as legal advisor to CK Infrastructure and Power Assets Holdings. Francisco Santos Costa, Duarte Abecasis, Lourenço Vilhena de Freitas, Sara Quaresma, Manuel Requicha Ferreira, Telma Carvalho, Miguel Lencastre Monteiro, João Sequeira Sena, Margarida Leal Oliveira, Ana Sofia Silva and Gonçalo Nogueira of Cuatrecasas, Gonçalves Pereira, S.L.P. acted as a legal advisor to Ventient Energy Sàrl.
Ventient Energy Europe Finco SARL completed the acquisition of Portugal Renewable Energy-PTRW, Unipessoal Lda from CK Infrastructure Holdings Limited (SEHK:1038) and Power Assets Holdings Limited (SEHK:6) on October 8, 2020.