ERG has announced that it has today completed, through its subsidiary ERG Power Generation, the closing for the acquisition of the entire hydroelectric business of E.ON Production composed of a portfolio of plants present in Umbria, Marche and Lazio, with a total power of 527 MW.
Going into detail, the portfolio consists of 16 power stations, 7 dams, 3 reservoirs and a pumping station. The acquisition was partially financed through the disbursement of the corporate acquisition loan of Euro 700 million, signed with a pool of seven Italian and international mandated lead arrangers and bookrunners. Following the news of the completion of the transaction, ERG in Piazza Affari is reporting a decrease of 0,58%.
