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Announced

Completed

FNM completed the acquisition of a majority stake in Viridis Energia from Lagi Energia and HNF for € 80m.

Financials

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Transaction Value£68m
Consideration TypeCash
Capital Owned-
Capital Bid For80%
EV/Sales-
EV/EBITDA20x
Share Price Premium-
One Off Charge-

Tags

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Italy

Acquisition

renewable energy

Alternative Fuels

Mandatory Offer

Private

Domestic

Completed

Friendly

Single Bidder

Synopsis

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FNM, an integrated sustainable mobility group in Lombardy, completed the acquisition of a majority stake in Viridis Energia, an independent power producer, from Lagi Energia, a producer of electricity, and HNF for € 80m. With the acquisition FNM enters the renewable power generation sector and reinforces the environmental goals of the 2021-2025 Strategic Plan, which includes investments in innovative energy projects, further contributing to the achievement of the 2030 Agenda goals as well as to the Country's energy transition.

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