Macquarie Asset Management Acquires 49.9% Stake in Hydro Rein
June 24, 2024
Macquarie Asset Management has completed a US$332 million investment to acquire a 49.9% stake in Hydro Rein from Hydro (Norsk Hydro), with the stake held by the Macquarie Green Energy and Climate Opportunities Fund. The investment will finance Hydro Rein's 8.4 GW renewable project pipeline across the Nordics and Brazil and support expansion of renewable solutions for industrial decarbonization.
- Targets
- Hydro Rein
- Sellers
- Hydro (Norsk Hydro ASA)
- Industry
- Renewable Energy
- Location
- Oslo, Norway
- Transaction Type
- Growth capital
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