Madrid, 27 March 2020
Macquarie Infrastructure and Real Assets (MIRA), via its managed funds, has exercised an existing pre-emption right to reach an agreement to acquire Wren House Infrastructure’s 40 per cent stake in Viesgo.
MIRA-managed equity currently has a 60 per cent stake in the Spanish utility, which will move to 100 per cent upon completion of this acquisition.
Wren House and MIRA have been invested in Viesgo since 2015. Viesgo is a key component of the Spanish electricity market and will play an important role in Spain’s future energy transition.
The terms of the transaction are confidential, and it is expected to be completed by Q2 2020 following the necessary regulatory approvals.