ERG S.p.A. (BIT:ERG) and a third-party investor signed an agreement to acquire 172-MW wind farm portfolio in Italy from EDP Renewables Italia Holding, S.r.l. on July 29, 2022. According to the agreement one minority stake in one of the wind farms will be directly acquired by a third-party investor. The transaction fee in terms of enterprise value as of December 31, 2021 is of around €420 million. The closing of the transaction, subject to the approval of the Italian Antitrust Authority, will be perfectioned by the third quarter of 2022. In the transaction, UniCredit acted as financial adviser, Legance as legal adviser, Deloitte as accounting and tax and Fichtner as technical adviser to ERG S.p.A. (BIT:ERG).

ERG S.p.A. (BIT:ERG) and a third-party investor completed the acquisition of 172-MW wind farm portfolio in Italy from EDP Renewables Italia Holding, S.r.l. on September 9, 2022. Fabio Lenzini, Giulio Maroncelli, Germana Cassar, Mattia Malinverni, Alessia Marconi, Riccardo Dore and Martina Antonelli of Dla Piper Italy Services Srl acted as legal advisor to EDP Renewables Italia Holding, S.r.l.