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Announced

Eni Gas e Luce to acquire a 71% stake in Energías Eólicas Alternativas Riojanas from Boreas Tecnología and Rioja Nueva Economía.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For71%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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wind farm

Private

Renewable Energy Equipment

Pending

Single Bidder

Spain

Acquisition

Cross Border

Majority

Friendly

Synopsis

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Eni Gas e Luce, a p provider of gas, power and energy solutions, agreed to acquire a 71% stake in Energías Eólicas Alternativas Riojanas, an owner of a 40.5 MW wind farm in Raposeras, from Boreas Tecnología and Rioja Nueva Economía. Financial terms were not disclosed. This transaction enabled Eni Gas e Luce to complete its acquisition of EAER and consequently the Raposeras wind farm. Eni Gas e Luce is an incorporated investee company of Eni, a renewable energy division of Eni, an Italian global energy company integrated as a state-owned oil and gas company.

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