CMS advises RAA on €445m green energy stake sale

CMS Albiñana & Suárez de Lezo has advised Real Assets Advisers (“RAA”) on the sale of 33% of Acciona Energía Internacional (AEI) stake to AXA Investment Managers-Real Assets and Acciona

33% stake in Acciona Energía Internacional S.A. owned by Kohlberg Kravis Roberts & Co. LP (KKR) has been purchased by AXA Real Asset (20%) and Acciona S.A (13%), for a value of €445 million. The transaction has been structured by CCA´s client Real Asset Advisers Limited (RAA).

Roger Ammoun and Ram Kumar, co-managing partners of RAA, said: “We are pleased that we could intermediate a landmark transaction in the green energy sector that provides a satisfactory outcome for AXA, ACCIONA and KKR. We are confident that the resulting partnership between ACCIONA and AXA will enable AEI to strengthen its position as a global renewable energy champion.”

CCA´s team was led by partner Carlos Peña (pictured), and also included senior associate Ignacio Cerrato and associate Diego Muro.