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New Deal


Announced

Helleniq Energy to acquire 211 MW solar portfolio from Mytilineos.

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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solar parks

Renewable Energy Equipment

Acquisition

Friendly

Single Bidder

Romania

Majority

Private

Cross Border

Pending

Synopsis

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Helleniq Energy, an oil company, agreed to acquire 211 MW solar portfolio, four solar parks in Southern Romania, from Mytilineos, a global industrial and energy company. Financial terms were not disclosed. This agreement marks HELLENiQ ENERGY Group’s entry into Romania’s rapidly-growing RES market. It is also the Group’s second entry in the international RES market over the last months, following the recent entry in Cyprus’ RES market, accelerating its portfolio growth and strengthening its extroversion.

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