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New Deal


Announced

Elia Group to acquire a 35.1% stake in energyRe Giga Projects from energyRe.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For35%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Pending

Single Bidder

United States

sustainable energy projects

Renewable Energy Equipment

Acquisition

Minority

Private

Friendly

Synopsis

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Elia Group, a builder and operator of the high-voltage transmission system operator, agreed to acquire a 35.1% stake in energyRe Giga Projects, from energyRe, an independent US company solving complex sustainability challenges and delivering large-scale clean energy solutions. Financial terms were not disclosed. "energyRe is accelerating the US clean energy transition with state-of-the-art transmission and large-scale onshore and offshore generation that will modernize the nation’s electric grids and decarbonize American cities with reliable, clean power. This strategic investment from Elia Group will support energyRe’s mission to deliver sustainable, resilient, and innovative energy systems to the communities we serve,” Miguel Prado, energyRe CEO.

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