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New Deal


Announced

Completed

Eni completed the acquisition of a 20% stake in Dogger Bank Wind Farm from Equinor and SSE for $545m.

Financials

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Transaction Value£405m
Consideration TypeCash
Capital Owned-
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

offshore wind farm

Minority

floating wind farm

Acquisition

Private

Single Bidder

United Kingdom

Friendly

wind farm

Renewable Energy Equipment

Completed

Synopsis

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Eni, an Italian multinational oil and gas company, completed the acquisition of a 20% stake in Dogger Bank Wind Farm, an offshore wind farm company, from energy companies Equinor and SSE Renewable for $545m. "Through this important transaction we continue to accelerate our growth strategy in renewable energy, as well as strengthening our presence in the offshore wind market in Northern Europe, one of the most promising and stable markets in the world. This is new capacity further enhances and expands Eni’s portfolio that integrates renewables and retail, a fundamental strategic lever for the decarbonisation of emissions related to the use of our products by our customers. It is therefore a new concrete step in our process of complete reduction of the net emissions of industrial processes and products," Claudio Descalzi, Eni CEO.

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