Announced
Completed
Financials
Sources
Tags
renewables developer
Private
Cross Border
renewable energy
Single Bidder
Completed
Poland
Acquisition
Renewable Energy Equipment
Friendly
Majority
Private Equity
Synopsis
Equinor, a Norway-based energy company engaged in oil and gas exploration and production activities, completed its acquisition of Wento, a Polish-based onshore renewables developer, from Enterprise Investors, a private equity firm, for €91m ($109m). "This transaction will strengthen and diversify our portfolio in Poland, an emerging core area for Equinor. It gives us an onshore growth platform in a transition market set for significant renewables growth," Pål Eitrheim, Equinor Executive Vice President for New Energy Solutions.
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