The "war" of wind energy has started in Italy. And it is the group that kicks off a process that seems entirely aimed at consolidating the sector Edison which approved the launch of a voluntary takeover bid (OPA) on 100% of the share capital of Alerion Clean Power at a price of 2,46 euros per share for a maximum value of 107 million euros. The offered price incorporates a premium of 20,6% with respect to Wednesday's closing price and of 29,5% with respect to the price of the offer of Fri-El Green Power, which is partial and concerns 29,9% of the capital of Alerion. Fri-El's offer was rejected in recent days by Alerion who judged it insufficient. In the event of full acceptance of the offer, the maximum total value is 107 million euro.
Alerion did not make a price at the start of the day on the Stock Exchange in Piazza Affari and then entered into trading exceeding the offer price. The salt title by 21,32% to 2,47 euros. Just Wednesday, Amber Capital bought 2,68% of Alerion Clean Power off the market at 1,95 euros per share for a total outlay of 2,27 million euros, becoming the first shareholder with almost 18%. According to the latest Consob updates, Amber in fact already holds 15,1% of Alerion. The other significant shareholders are F2i with 15,7% and Nelke srl with 6,8%. And the very presence of F2i, which is competing in the takeover bid together with Edison, suggests that the operation is not considered hostile. In detail, in fact, the offer is promoted by Eolo Energia Srl, the company controlled 51% by Edison Partecipazioni Energie Rinnovabili (shareholders: Edison and Edf Energies Nouvelles) and 49% by E2i Energie Speciali (30% Edison Partecipazioni Energie Rinnovabili , 70% F2i).
“The operation – explains the Edison group – is part of the company's strategy to strengthen itself in renewable energies with the aim of becoming the first operator in the wind energy sector”. The challenge is launched to Erg which is currently the first operator after the profound conversion carried out in renewables.
With the acquisition of Alerion, which has a production park of 10 wind farms in Italy, the second wind farm in Italy will be born.
The offer is aimed at the delisting of Alerion shares from Piazza Affari. The offered price incorporates a premium of 20,6% with respect to yesterday's quotation, and of 29,5% with respect to the offer of Fri-EI Green Power which concerns only 29,9% of Alerion's capital.
