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Announced

CogenInfra to acquire an 82% stake in Elettra Investimenti from B FIN for €70m.

Financials

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Transaction Value£54m
Consideration TypeCash
Capital Owned-
Capital Bid For82%
EV/Sales1x
EV/EBITDA9x
Share Price Premium-
One Off Charge-

Sources

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Majority

energy services

Domestic

Pending

Italy

Single Bidder

Alternative Electricity

Acquisition

Privatisation

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Public

Synopsis

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CogenInfra, which operates a district heating power plant in Italy, agreed to acquire an 82% stake in Elettra Investimenti, an energy services company, from B FIN, an Italian holding company, for €70m. Following the acquisition of B FIN's stake in Elettra Investimenti, CogenInfra is promoting a mandatory tender offer on the remaining stake of Elettra Investimenti.

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