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Announced

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Achernar Assets completed the acquisition of ERG Power.

Synopsis

Achernar Assets, a Swiss investment holding company, completed the acquisition of ERG Power, an energy company. Financial terms were not disclosed. "The divestment of ERG Power allows us to complete our transformation to a business model entirely focused on wind and solar power generation: a crucial step towards achieving the ‘net zero’ target that the Group has committed to and set as part of the ESG plan," Paolo Merli, ERG CEO.

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