Investing.com -- Partners Group, a Swiss private equity company, has announced plans to sell its subsidiary, Greenlink, to Baltic Cable AB and Equitix.
The transaction values Greenlink at an enterprise value of 1 billion euros.
Greenlink aids in the integration of renewable energy in Ireland and the U.K. It has a nominal capacity equivalent to the power needed for approximately 380,000 homes.
The subsidiary’s infrastructure includes two converter stations and two high voltage cables that extend 190 kilometers beneath the Irish Sea.
Partners Group first acquired a controlling stake in Greenlink back in 2019 and obtained full ownership in 2021. The decision to sell comes as part of the company’s strategic moves in the renewable energy sector.
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