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Jun 8, 2020ACQUISITIONQurayyah, Saudi Arabia

ACWA Power acquires 4.99% stake in Hajr Electricity Production Company from Samsung C&T

ACWA Power signed a share purchase agreement to acquire 4.99% of Samsung C&T's shares in Hajr Electricity Production Company (HEPC), the project company for the Qurayyah Independent Power Plant in Saudi Arabia, increasing ACWA Power's stake from 17.5% to 22.49%.

Status

Announced

Capacity

3,927 MW

Productselectricity

CompaniesSamsung C&T target ACWA Power acquirer Hajr Electricity Production Company target

Sectors#Power Generation Equipment

“ACWA Power, a leading developer, owner, and operator of power generation and water desalination plants, signed a share purchase agreement with Samsung C&T to acquire 4.99% of its shares, with an option to purchase the remaining stake of Samsung C&T in Hajr Electricity Production Company (HEPC)”acwapower.com

1 source
acwapower.comAcwa | ACWA Power acquires 4.99% of Samsung C&T’s share in Hajr Electricity Production CompanyJun 8, 2020

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