We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Enel Spa | BIT:ENEL | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.019 | -0.31% | 6.181 | 6.18 | 6.21 | 6.259 | 6.173 | 6.215 | 28,035,264 | 17:00:00 |
From May 2021 to May 2024
By Mauro Orru
Enel SpA's subsidiary Enel Produzione SpA has signed an agreement to acquire ERG Hydro Srl and its portfolio of hydroelectric plants, in a deal that bolsters the group's installed renewable capacity in Italy.
The Rome-based energy company said late Monday that the agreement between Enel Produzione SpA and ERG Power Generation SpA, which owns ERG Hydro, is based on a consideration of 1.04 billion euros ($1.23 billion) for an enterprise value of EUR1 billion.
The company will fund the acquisition through cash flows from current operations and existing debt capacity.
ERG Hydro owns a portfolio of hydro plants for an installed capacity of 527 megawatts, consisting of 19 hydro plants and seven micro hydro plants. It also has seven large dams and four reservoirs.
Enel expects to close the transaction at the beginning of 2022, taking its installed hydro capacity in Italy to about 13 gigawatts and its total renewable capacity to about 14.5 gigawatts.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
August 03, 2021 02:31 ET (06:31 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year Enel Chart |
1 Month Enel Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
