M&A

Macquarie Capital together with Techint, today announced the completion of the acquisition and financing of Norte III, a 907MW combined-cycle gas plant, under construction near Ciudad Juarez, Mexico. The Project was acquired from Abengoa S.A. and its affiliates, and will remain contracted with the Comisión Federal de Electricidad ("CFE"), under the same scope and power price agreed on the awarded contract. The Project has received broad-based financing support, with the Macquarie Capital-Techint Consortium securing new funds from ten different financial institutions. SMBC and Natixis served as Coordinating Lead Arrangers; Bancomext, Crédit Agricole, GE, EDC, Norinchukin Bank, KDB, KfW, and Intesa…