HELLENiQ ENERGY Holdings S.A. agreed to acquire an additional 50% stake in Elpedison B.V. from Edison S.p.A. for approximately ?200 million.

HELLENiQ ENERGY Holdings S.A. (ATSE:ELPE) agreed to acquire an additional 50% stake in Elpedison B.V. from Edison S.p.A. (BIT:EDNR) for approximately ?200 million on December 6, 2024. The consideration for acquiring 50% of the share capital of Elpedison B.V. amounts to approximately ?164 million plus an amount of up to ?31 million due to changes in certain balance sheet items and cash reserves, as stipulated in the agreement reached. Edison's Board of Directors accepted the offer of HELLENiQ for the sale of its 50% stake in Elpedison.

The transaction is subject to the signing of a final Share Purchase Agreement and approval of the relevant regulatory authorities. The transaction is expected to conclude in the first half of 2025.