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Announced

Eni to acquire Dhamma Energy Group.

Financials

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

Tags

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Pending

Private

Majority

renewable energy development

Friendly

Cross Border

Single Bidder

Renewable Energy Equipment

Acquisition

Spain

Synopsis

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Eni, an Italian multinational oil and gas company, agreed to acquire Dhamma Energy Group, which develops, finances, builds and operates solar parks. Financial terms were not disclosed. "This transaction will help to boost our renewable power generation capacity in accordance with our growth strategy by continuing to expand in Spain and especially by launching our presence in the renewables sector in France, where Eni gas e luce already has a solid presence and a significant customer base. For Eni gas e luce, France and Spain are pivotal markets in which the company will increasingly enhance its value through the integration between retail and renewables," Claudio Descalzi, Eni CEO.

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