BBVA advises Opdenergy on the takeover bid from Antin Infrastructure Partners

The transaction is a significant milestone in the energy sector, showcasing the parties' commitment to the transition to a more sustainable future.

BBVA has acted as financial advisor in the voluntary public tender offer of Opdenergy by Antin Infrastructure Partners. This transaction, valued at 865,995,882.90 euros (a 46% premium over Opdenergy's last closing price prior to the offer date), represents a significant milestone in the renewables sector.

With around 9.1 GW of solar PV, 3.2 GW of wind power, and 2.7 GW of storage projects distributed across Europe, the U.S. and Latin America, Opdenergy has shown a strong commitment to the transition to renewable and sustainable energy sources. This acquisition reinforces Antin Infrastructure Partners' position in the energy market and its commitment to investing in infrastructure that drives the transition to a cleaner and more sustainable future.

For BBVA, this is the 162nd M&A transaction since 2009, and the 85th transaction in the energy sector in Iberia. BBVA's continuous involvement in high profile transactions further reinforces its position as a leading advisor in mergers and acquisitions in the sector.

"We are delighted to have acted as financial advisors to this landmark transaction for Opdenergy," said Alfredo Mellon, Global Head of Energy Advisory at BBVA CIB. "This deal not only reflects Opdenergy's growth and value as a leader in the development of renewables, but also highlights the investors' confidence in the long-term potential of a sector which is crucial for the future."

This acquisition by Antin is a testament to Opdenergy’s strong potential to continue to lead the energy transition in Spain, Europe and the Americas. At the same time, the transaction represents another milestone for Antin in its efforts to build a strategic portfolio of leading renewables companies in these geographies.