Vestas Wind Systems A/S, Aarhus, 18 December 2020
Company announcement no. 45/2020
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.
Vestas Wind Systems A/S, Denmark
Patrik Setterberg, Vice President
Tel: +45 6122 1913
Mathias Dalsten, Specialist
Tel: +45 2829 5383
201218 45 Company Announcement