Closing of Atlantica’s Acquisition by Energy Capital Partners and Co-Investors Expected December 12
Atlantica Sustainable Infrastructure (NASDAQ: AY) announced that its acquisition by Energy Capital Partners and co-investors is scheduled to close on December 12, 2024. All regulatory approvals, including clearance from the Committee on Foreign Investment in the United States and Federal Energy Regulatory Commission, were obtained by October 25th. The High Court of Justice of England and Wales hearing to sanction the transaction is set for December 10, 2024. Prior to closing, Atlantica may declare a final cash dividend of up to $0.2225 per share, subject to board approval. Details about the dividend are expected in the Q3 2024 results announcement on November 14, 2024.
Atlantica Sustainable Infrastructure (NASDAQ: AY) ha annunciato che l'acquisizione da parte di Energy Capital Partners e co-investitori è prevista per chiudere il 12 dicembre 2024. Tutte le approvazioni regolatorie, compresa l'autorizzazione da parte del Comitato per gli Investimenti Stranieri negli Stati Uniti e della Commissione Federale per la Regolamentazione dell'Energia, sono state ottenute entro il 25 ottobre. L'udienza presso l'Alta Corte di Giustizia dell'Inghilterra e del Galles per sancire la transazione è fissata per il 10 dicembre 2024. Prima della chiusura, Atlantica potrebbe dichiarare un dividendo finale in contante di fino a $0.2225 per azione, soggetto all'approvazione del consiglio. I dettagli sul dividendo sono attesi nell'annuncio dei risultati del terzo trimestre 2024, previsto per il 14 novembre 2024.
Atlantica Sustainable Infrastructure (NASDAQ: AY) anunció que la adquisición por parte de Energy Capital Partners y co-inversores está programada para cerrarse el 12 de diciembre de 2024. TTodas las aprobaciones regulatorias, incluyendo la autorización del Comité de Inversión Extranjera en Estados Unidos y la Comisión Federal Reguladora de Energía, fueron obtenidas antes del 25 de octubre. La audiencia en la Corte Suprema de Justicia de Inglaterra y Gales para sancionar la transacción está programada para el 10 de diciembre de 2024. Antes del cierre, Atlantica puede declarar un dividendo final en efectivo de hasta $0.2225 por acción, sujeto a la aprobación de la junta. Se esperan detalles sobre el dividendo en el anuncio de resultados del tercer trimestre de 2024 el 14 de noviembre de 2024.
아틀란티카 지속 가능한 인프라(나스닥: AY)가 에너지 캐피탈 파트너스 및 공동 투자자에 의해 인수될 예정이라 2024년 12월 12일에 마감할 것이라고 발표했습니다. 모든 규제 승인은 외국인 투자 위원회와 연방 에너지 규제 위원회의 허가를 포함하여 10월 25일까지 취득되었습니다. 영국 및 웨일스 고등 법원에서 거래를 승인하는 심리는 2024년 12월 10일로 예정되어 있습니다. 마감 전에 아틀란티카는 이사회 승인을 조건으로 최대 $0.2225 주당 최종 현금 배당금을 선언할 수 있습니다. 배당금에 대한 세부 사항은 2024년 11월 14일에 발표되는 2024년 3분기 실적 발표에서 기대됩니다.
Atlantica Sustainable Infrastructure (NASDAQ: AY) a annoncé que son acquisition par Energy Capital Partners et co-investisseurs devrait être conclue le 12 décembre 2024. Toutes les approbations réglementaires, y compris le feu vert du Comité sur les Investissements Étrangers aux États-Unis et de la Commission Fédérale de Régulation de l'Énergie, ont été obtenues d'ici le 25 octobre. L'audience de la Haute Cour de Justice d'Angleterre et du Pays de Galles pour sanctionner la transaction est prévue pour le 10 décembre 2024. Avant la clôture, Atlantica pourrait déclarer un dividende final en espèces pouvant atteindre $0.2225 par action, sous réserve de l'approbation du conseil. Les détails concernant le dividende devraient être annoncés lors des résultats du T3 2024 le 14 novembre 2024.
Atlantica Sustainable Infrastructure (NASDAQ: AY) gab bekannt, dass die Übernahme durch Energy Capital Partners und Mitinvestoren voraussichtlich am 12. Dezember 2024 abgeschlossen wird. Alle regulatorischen Genehmigungen, einschließlich der Genehmigung des Komitees für ausländische Investitionen in den Vereinigten Staaten und der Federal Energy Regulatory Commission, wurden bis zum 25. Oktober erhalten. Die Anhörung am High Court of Justice von England und Wales zur Genehmigung der Transaktion ist für den 10. Dezember 2024 angesetzt. Vor dem Abschluss kann Atlantica eine finale Bar-Dividende von bis zu $0.2225 pro Aktie unter Vorbehalt der Genehmigung durch den Vorstand erklären. Details zur Dividende werden im Quartalsbericht Q3 2024 am 14. November 2024 erwartet.
- Transaction received all necessary regulatory approvals
- Final cash dividend of up to $0.2225 per share may be distributed before closing
- None.
Insights
This merger update represents a significant milestone in Atlantica's acquisition by Energy Capital Partners. All key regulatory hurdles have been cleared, including CFIUS and FERC approvals. The confirmed closing date of December 12, 2024 provides certainty to investors and stakeholders.
The planned final dividend of up to
The completion of regulatory approvals by October 25th indicates smooth progress without significant regulatory concerns, which is particularly important given the critical infrastructure nature of Atlantica's assets.
Closing of Atlantica’s Acquisition by Energy Capital Partners and Co-Investors Expected December 12
November 4, 2024 – Atlantica Sustainable Infrastructure plc (NASDAQ: AY) (“Atlantica” or the “Company”), announced today that the pending acquisition of the Company by Energy Capital Partners and a group of co-investors (the “Transaction”) is expected to close on December 12, 2024.
All regulatory approvals required in connection with Transaction (including clearance by the Committee on Foreign Investment in the United States and by the Federal Energy Regulatory Commission in the United States) were received by October 25th. Due to the limited availability of court dates and the mutual desire of the parties to effect an orderly closing of the Transaction, the parties have agreed a date for the hearing of the High Court of Justice of England and Wales (the “Court”) to sanction the Transaction on December 10, 2024. Closing will therefore take place two business days later, on December 12, 2024.
In connection with the scheduling of the closing, Atlantica and Energy Capital Partners have agreed that Atlantica may declare and pay a final cash dividend of up to
For further information regarding the Transaction and the relevant agreements related thereto, please see the Report of Foreign Private Issuer on Form 6-K filed on May 28, 2024 by the Company, including the exhibits thereto and the Report of Foreign Private Issuer on Form 6-K filed on July 16, 2024, including the exhibits thereto. The descriptions of the Transaction and such agreements outlined above do not purport to be complete and are qualified in their entirety by reference to the full text of such agreements which are exhibits to the abovementioned Reports of Foreign Private Issuer on Form 6-K.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, strategies, future events or performance (often, but not always, through the use of words or phrases such as “may result”, “are expected to”, “will continue”, “is expected”, “likely to be”, “believe”, “will”, “could”, “should”, “would”, “estimated”, “may”, “plan”, “potential”, “future”, “projection”, “goals”, “target”, “outlook”, “predict”, “aim” and “intend” or words of similar meaning) or the negative of these terms or other comparable terminology are not statements of historical facts and may be forward looking. Such statements occur throughout this report and include statements with respect to the Transaction and the implementation of the Scheme, the proposed timing and various actions and other conditions contemplated in respect of the Transaction and the Scheme.
The forward-looking statements in this report are subject to numerous risks, uncertainties, estimates and assumptions, including risks relating to (a) Bidco’s and Atlantica’s ability to complete the Transaction on the proposed terms or on the anticipated timeline, or at all, the sanction of the Scheme by the High Court of Justice of England and Wales or the satisfaction of other closing conditions to consummate the Transaction; (b) the occurrence of any event, change or other circumstance that could give rise to the termination of the Transaction Agreement or any unanticipated difficulties or expenditures relating to the proposed Transaction; (c) risks related to diverting the attention of Atlantica’s management from ongoing business operations; (d) failure to realize the expected benefits of the Transaction; (e) significant transaction costs and/or unknown or inestimable liabilities; (f) the risk of shareholder litigation in connection with the Transaction, including resulting expense or delay; (g) Bidco’s ability to fund the cash required to consummate the Transaction; (h) risks related to future opportunities and plans for the Company, including the uncertainty of expected future regulatory filings, financial performance and results of the Company following completion of the Transaction; (i) disruption of currents plans and operations caused by the announcement of the proposed closing of the Transaction, making it more difficult to conduct business as usual or maintain relationships with current or future customers, employees or suppliers, financing sources, governmental authorities, and joint-venture partners; (j) effects relating to the announcement of the proposed closing of the Transaction or any further announcements or the consummation of the Transaction on the market price of Atlantica’s shares and, if the Transaction is not completed, and the Company continues as a publicly-traded entity, risks that the announcement of the proposed Transaction and the dedication of substantial resources of the Company to the completion of the Transaction could have an impact on its business, strategic relationships, operating results and activities in general; (k) risk of having to pay the company termination fee pursuant to the terms of the Transaction Agreement; (l) regulatory initiatives and changes in tax laws that may impact the Transaction; (m) market volatility; and (n) other risks and uncertainties affecting Bidco and Atlantica and more. The inclusion of forward-looking statements should not be regarded as a representation that any transaction shall be consummated, including the Transaction or the payment of any dividend by the Company. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements as a prediction of actual results. Accordingly, any such statements are qualified in their entirety by reference to, and are accompanied by, important factors included in “Part I—Item 3.D.—Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2023 and in any subsequent reports on Form 6-K (in addition to any assumptions and other factors referred to specifically in connection with such forward-looking statements).
Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances, including, but not limited to, unanticipated events, after the date on which such statement is made, unless otherwise required by law. New factors emerge from time to time, and it is not possible for management to predict all of these factors, nor can it assess the impact of each of these factors on the business or the extent to which any factor, or combination of factors, may cause actual results, performance or achievements, and the timing of events to differ materially from those contained or implied in any forward-looking statement.
About Atlantica
Atlantica Sustainable Infrastructure plc is a sustainable infrastructure company that owns a diversified portfolio of contracted renewable energy, storage, efficient natural gas, electric transmission and water assets in North & South America, and certain markets in EMEA (www.atlantica.com)
Chief Financial Officer Francisco Martinez-Davis E ir@atlantica.com | Investor Relations & Communication Leire Perez E ir@atlantica.com T +44 203 807 67 09 |
FAQ
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