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Announced

Completed

Equinor completed the acquisition of Wento from Enterprise Investors for €91m.

Financials

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Transaction Value£78m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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renewables developer

Private

Cross Border

renewable energy

Single Bidder

Completed

Poland

Acquisition

Renewable Energy Equipment

Friendly

Majority

Private Equity

Synopsis

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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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