M&A Deal Summary

SDIC Power Holding Acquires Repsol - Offshore Wind Power Business

On February 25, 2016, SDIC Power Holding acquired utilities company Repsol - Offshore Wind Power Business from Repsol for 238M EUR

Acquisition Highlights
  • This is SDIC Power Holding’s 1st transaction in the Utilities sector.
  • This is SDIC Power Holding’s largest (disclosed) transaction.
  • This is SDIC Power Holding’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2016-02-25
Target Repsol - Offshore Wind Power Business
Sector Utilities
Buyer(s) SDIC Power Holding
Sellers(s) Repsol
Deal Type Divestiture
Deal Value 238M EUR

Target

Repsol - Offshore Wind Power Business

United Kingdom
Repsol - Offshore Wind Power is a provider of offshore wind power services.

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Buyer(S) 1

Buyer

SDIC Power Holding

Beijing, China
Category Company
Founded 1989
Sector Utilities
Employees10,280
Revenue 56.7B CNY (2023)
DESCRIPTION

SDIC Power Holding is a power generation company. SDIC Power Holding was founded in 1989 and is based in Beijing, China.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Repsol

Madrid, Spain
Category Company
Founded 1927
Sector Oil/Gas Exploration
Employees24,537
Revenue 58.9B EUR (2023)
DESCRIPTION

Repsol operates as a multi-e energy company worldwide. Its Upstream segment engages in the exploration, development, and production of crude oil and natural gas reserves, as well as develops low-carbon geological solutions. Repsol was founded in 1927 and is based in Madrid, Spain.

DEAL STATS #
Overall 1 of 4
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 3
Country (United Kingdom) 1 of 1
Year (2016) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Enduring Resource - South Texas Eagle Ford Assets

Texas, United States

Enduring Resource - South Texas Eagle Ford Assets consists of DeWitt, Live Oak, McMullen, La Salle and Webb counties as well as an interest in gas processing infrastructure.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-12 Naturgy

Madrid, Spain

Naturgy is an energy infrastructure company that operates across the gas value chain from procurement to liquefaction, storage, regasification, transportation, distribution, and marketing. Naturgy also owns and operates gas distribution networks in Latin America with leading market shares in Brazil, Chile, Colombia, and Mexico. Naturgy was founded in 1843 and is based in Madrid, Spain.

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