Northlands buys utility in Colombia

Northlands buys utility in Colombia

M&A Equity Capital Markets Loans Debt Energy Electricity Colombia Canada

Canada's Northland Power said it has agreed to acquire Empresa de Energía de Boyacá (EBSA) from Brookfield in a deal worth COP2.67tn ($793m), including debt. "The acquisition... gives us an entry point into Colombia," Northland CEO Mike Crawley said in a statement. EBSA is Northland's second investment in Latin America after the the 130 MW La Lucha solar power project in Mexico. Northland has secured a bridge loan for CAD1.1bn ($837m) to cover the EBSA acquisition, but its long-term financing pl

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial