Italy's Dolomiti Energia buys 40% in hydro unit from Macquarie for 400 mln euros
12/07/2024 16:14
MILAN, July 12 (Reuters) - Italian regional utility
Dolomiti Energia said on Friday it would buy the 40% it does not
already own in its unit Hydro Dolomiti Energia (HDE) from
Australian investor Macquarie for 401.5 million euros.
In a statement the Italian group said its board had decided
to exercise its last-look pre-emption right and snap up the
minority stake in HDE after a consortium led by global investor
Equitix had offered to acquire it last month.
HDE owns 26 hydroelectric power plants in northern Italy
with an installed capacity of 1.3 gigawatts (GW).
(Reporting by Francesca Landini; Editing by Romolo Tosiani)
((francesca.landini@thomsonreuters.com; +39 02 66129437;
Reuters Messaging: reutersitaly.thomsonreuters@reuters.net))