LONDON, UK: ContourGlobal plc in partnership with Energy Infrastructure Partners AG has reached an agreement with a group of private shareholders to acquire up to 100% of the shares in Green Hunter Group S.p.A., a portfolio of Solar Photovoltaic assets totaling 18 MW located in Italy for €49.7 million.
The Acquired Assets of Green Hunter Group will contribute approximately € 8 million of Adjusted EBITDA on an annual basis. The transaction is another operationally led bolt-on acquisition as part of our roll-up strategy in Italy with our long-time partner EIP, generating operational synergy and attractive risk adjusted returns for our shareholders. We continue to see a strong pipeline of further opportunities in Italy.
The Proposed Acquisition of Green Hunter Group is expected to complete in Q3 2021, subject to the completion of certain customary closing conditions.
Energy Infrastructure Partners AG (EIP) is a Swiss investment manager with CHF 4 billion under management and a focus on energy infrastructure assets that contribute to the security of supply during energy transition. EIP leverages its broad transaction experience and close industrial partnerships to develop and manage solutions for institutional investors globally.
ContourGlobal is listed on the premium segment of the London Stock Exchange (TKR: GLO). ContourGlobal is an international owner and operator of contracted wholesale power generation businesses. Pro-forma for the Proposed Acquisition, it owns and operates approximately 6,306 MW in 117 power plants in 20 countries and four continents.
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3 Jun, 4:35 pm GMT+1 · Disclaimer