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Energy Capital Partners Acquires Atlantica Sustainable Infrastructure
**Atlantica Shareholders Approve Acquisition by Energy Capital Partners**
On August 8, 2024, Atlantica Sustainable Infrastructure plc (NASDAQ: AY) announced that it has successfully held shareholder meetings to approve its acquisition by Energy Capital Partners and co-investors. Preliminary results indicate that the transaction has received the necessary shareholder approvals, with final voting results expected to be published soon.
The acquisition is contingent upon several conditions, including approval from the High Court of Justice of England and Wales, as well as regulatory clearances in various jurisdictions. This includes necessary approvals from the Committee on Foreign Investment in the United States and the Federal Energy Regulatory Commission. The transaction is anticipated to close in late 2024 or early 2025.
For more details regarding the acquisition and related agreements, Atlantica has filed reports on Form 6-K, which provide comprehensive information about the transaction. These reports include exhibits that detail the agreements, and readers are encouraged to refer to them for complete context.
The announcement also includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements encompass expectations and plans regarding the transaction, including its timing and the conditions that must be met for completion.
However, these forward-looking statements are subject to various risks and uncertainties. Key risks include the ability of Atlantica and its partners to finalize the transaction as planned, secure necessary regulatory approvals, and meet other closing conditions. There are also concerns about potential disruptions to Atlantica's ongoing operations and the possibility of shareholder litigation related to the acquisition.
Additional risks involve the financial implications of the transaction, including significant costs and potential liabilities. The announcement of the acquisition may also affect Atlantica's relationships with customers, employees, and suppliers, complicating business operations during the transition period.
Overall, while the shareholder approval marks a significant step forward for Atlantica, the successful completion of the acquisition will depend on navigating a complex landscape of regulatory and operational challenges.