Cross-Border M&A Deal of the Year
This multi-country deal impressed for its size, complexity and speed of execution
State Power Investment Corp/Pacific
When China's State Power Investment Corporation (SPIC) lined
up the acquisition
of Pacific Hydro, the Australia-based renewable energy
company's assets in Latin America accounted for some 70% of the
roughly $3 billion package.
Pacific Hydro's five operating hydro plants in Chile
represented between 50% and 60% of the price, while two wind
farms in Brazil made up 10%. Pacific Hydro has 13 projects in
Australia, which accounted for 30% of the package.
The company recently started construction...
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