Announced
Financials
Sources
Tags
Renewable Energy Equipment
onshore wind farms
Majority
Domestic
Single Bidder
Italy
Pending
Private
Private Equity
Friendly
Acquisition
Synopsis
Eni, an Italian multinational oil and gas company, agreed to acquire a 13 onshore wind farms in Italy from Glennmont Partners, a fund manager, and PGGM, a provider of pension administration services, for $591m. “We plan to accelerate growth through selective acquisitions, in particular in those countries where we have an existing broad customer base. Our renewable energies expansion, which through this transaction has already achieved over 1.3 GW of installed and under construction capacity, will be fully integrated with our retail business, creating a unique player of great value and a high development potential. This transaction demonstrates another significant milestone as Eni continues on its path towards leading the production and sale of decarbonised products," Claudio Descalzi, Eni CEO.
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