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Announced

Completed

Ascopiave completed the acquisition of a 60% stake in Salinella Eolico from Renco.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For60%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Single Bidder

Renewable Energy Equipment

Italy

Private

Domestic

Completed

Friendly

Majority

Acquisition

renewable energy

Synopsis

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Ascopiave, a natural gas distribution company, completed the acquisition of a 60% stake in Salinella Eolico, a renewable energy company, from Renco, a diversified holding company with interests in mining, metal production, material handling and other business. Financial terms were not disclosed. “This operation constitutes another important step in the path undertaken by the Ascopiave Group towards the energy transition”, Nicola Cecconato, Ascopiave president, CEO and general manager.

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