Advertisement
UK markets closed

  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     

  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     

  • AIM

    789.87
    +6.17 (+0.79%)
     

  • GBP/EUR

    1.1622
    +0.0011 (+0.09%)
     

  • GBP/USD

    1.2525
    +0.0001 (+0.01%)
     

  • Bitcoin GBP

    48,586.22
    -1,691.98 (-3.37%)
     

  • CMC Crypto 200

    1,260.35
    -97.66 (-7.19%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • DOW

    39,512.84
    +125.08 (+0.32%)
     

  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     

  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     

  • DAX

    18,772.85
    +86.25 (+0.46%)
     

  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     
MONEY:

Best savings accounts that offer above inflation rates

How to earn the most interest on your savings

ContourGlobal buys Acciona's solar power assets in $1.19 bln deal

Reuters - UK Focus

LONDON, Feb 27 (Reuters) - Britain's ContourGlobal on Tuesday agreed to buy Acciona (Amsterdam: AN6.AS - news) 's solar power plants in a deal worth 962 million euros ($1.19 billion).

ContourGlobal said it would finance the purchase, which includes five concentrated solar power plants in Spain, through a combination of project financing of around 635 million euros and cash on the balance sheet.

It said it will pay the Spanish engineering and renewable energy company 806 million euros and take on existing net debt of 156 million euros.

ContourGlobal expects the purchase to extend the average remaining contract life of its energy portfolio to 12 years from 11 years.

($1 = 0.8104 euros) (Reporting by Clara Denina; editing by Jason Neely)