Brief: Global Dominion Says Entity Managed By Incus Capital To Invest 50 Mln Euros In Dominion Energy

Global Dominion Access

02/12/2021 17:47

Dec 2 (Reuters) - Global Dominion Access SA  DOMI.MC :
    * ENTERS INTO AN INVESTMENT AGREEMENT WITH AN ENTITY MANAGED
BY
INCUS CAPITAL
    * INVESTOR, ON THE CLOSING DATE, SUBSCRIBES AND DISBURSES
SHARE
CAPITAL INCREASE IN DOMINION ENERGY S.L. FOR AN AMOUNT OF 50
MILLION EUROS
    * UNDER TRANSACTION IT UNDERTAKES ALSO TO CONTRIBUTE
ADDITIONAL 25
MILLION EUROS INTO DOMINION ENERGY
    * THESE FUNDS, TOGETHER WITH THE INVESTOR’S, WILL FINANCE
DEVELOPMENT PROJECTS IN DOMINION ENERGY’S PORTFOLIO, WHICH
EXCEED 1GW
    * TRANSACTION TO TAKE PLACE  DURING DECEMBER 2021 AFTER
ACCOMPLISHMENT OF CUSTOMARY CLOSING ACTIONS
    * VALUATION OF BUSINESS OF DOMINION ENERGY AMOUNTS TO 213
MILLION
EUROS AFTER TRANSACTION, WHICH IMPLIES INVESTOR TO HOLD 23.4% OF
DOMINION ENERGY’S SHARE CAPITAL

Source text for Eikon:  ID:nCNM6RrrD5 
Further company coverage:  DOMI.MC 

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