CMS advised Repsol on the sale of its offshore wind power business in the United Kingdom to SDIC Power of China.
The deal was valued at €238 million, according to Mergermarket data.
SDIC Power was advised by Clifford Chance on the transaction. A Repsol statement said the deal “generates a post-tax capital gain of €109 million.”
The sale includes the Inch Cape project and Repsol’s share (25 per cent) in the Beatrice project, both of which are located on the east coast of Scotland.