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SPIC’s acquisition of Pacific Hydro awarded Cross-Border M&A Deal of the Year
Source:Writer:Date:27/03/2017

The acquisition by China's State Power Investment Corporation of Australian renewable energy company Pacific Hydro in January 2016 has been awarded the Cross-Border M&A Deal of the Year by Latin Finance, a provider of financial markets intelligence on LatinAmerica and the Caribbean, the agency announced recently.

Pacific Hydro has 19 electric and wind facilities in Australia, Brazil and Chile, and it wasadded to the Chinese company’s roster of assets in 35 countries.

The deal received the award for its impressive size, complexity and speed of transaction,the announcement stated.

“The acquisition of Pacific Hydro will add a high-quality global renewable development platform to SPIC,” said Wang Binghua, chairman of State Power, in a news release.

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