ContourGlobal plc (LSE:GLO) and Energy Infrastructure Partners reached an agreement to acquire A portfolio of Solar Photovoltaic assets totaling 18 MW located in Italy from a group of private shareholders for ?49.7 million on June 4, 2020. Consideration to be paid on a debt free, cash free basis. The transaction is a bolt-on acquisition for ContourGlobal. Under the transaction, ContourGlobal and Energy Infrastructure Partner will have a 51% and a 49% interest in the acquired portfolio, respectively. Transaction is subject to the completion of certain customary closing conditions. The Proposed Acquisition is expected to complete in Q3 2021. Acquired assets are immediately accretive to cash flow generation and distributions.