Deal Snapshot
TERNIENERGIA INKS PRELIMINARY CONTRACT FOR SALE OF STAK IN SOLAR JV
Wednesday 12 June 2019

Italian global technological enabler TerniEnergia has inked a preliminary contract for the sale to NextPower II Alpha S.r.l., an investment vehicle managed by the London merchant bank NextEnergy Capital, of 50% of the shares of the company NextPower II Prima Srl, TerniEnergia said.
The joint venture between TerniEnergia and Errenergia, which simultaneously signed the preliminary contract for the sale of its shares to the Purchasers, owns two photovoltaic plants in Puglia for a total installed capacity of about 1.9mw. The consideration for the sale of the company's shares amounts to approximately EUR 1.3m (USD 1.47m), while the transaction also provides for the assumption by the purchasers of financial debts linked to the plants for approximately EUR 4m.


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Details
Date Published: 12/06/2019
Target: NextPower II Prima Srl/50% stake
Country: Italy
Deal Size: 1.47m (USD)
Sector: Alternative Energy
Type: Divestment
Financing: Cash
Status: Agreed
Vendor: TerniEnergia
Buyer: NextPower II Alpha S.r.l.
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