Renewable energy company OX2 to buy ESCO Pacific for $85 mln
31/03/2023 07:33
COPENHAGEN, March 31 (Reuters) - Swedish renewable
energy company OX2 OX2SE.ST said on Friday it has signed an
agreement to acquire Australian renewable developer ESCO Pacific
for 126 million Australian dollars ($84.61 million).
The transaction is expected to close by the end of April,
OX2 said.
The purchase price is on a debt free basis, and there is a
contingent consideration of up to 17 million Australian dollars
to the founder based on sales and margins in 2025-2027 from ESCO
Pacific's development portfolio.
($1 = 1.4892 Australian dollars)
(Reporting by Louise Breusch Rasmussen, editing by Terje
Solsvik)
((Louisebreusch.rasmussen@tr.com; +45 21 27 97 79;))