We Continue to Grow: A New Step in Our Equity Recycling Strategy
Agreement with Estra and details of the Transaction
We are pleased to announce that today we signed a sale and purchase agreement with Estra S.p.A., a company of the Plures Group, for the sale of our entire shareholding in Eolica PM S.r.l., the company that owns an operating wind farm located in the municipality of Pontelandolfo (BN), with an installed capacity of 52 MW.
The Enterprise Value of the Transaction amounts to EUR 155.9 million. The consideration for the sale of the shares is approximately EUR 133.9 million, of which EUR 131.3 million for the purchase of the shares and EUR 2.6 million for the purchase of shareholder loans. The consideration will be settled entirely in cash upon closing, which we expect to take place by the end of 2025.
Following the Transaction, we also confirm our guidance of an EBITDA of approximately EUR 200 million for the financial year 2025, demonstrating the solidity of our portfolio and the growth trajectory we are pursuing.
Statement by our Chairman and Chief Executive Officer, Josef Gostner
“The signing of the agreement with a partner as prestigious as Estra represents an important confirmation of the solidity of our industrial path and the quality of the assets we develop. This transaction demonstrates the soundness of our financial strategy and lays the foundation for potential industrial cooperation in the medium term. This initiative follows the partnership launched with Alperia, which marked the first application of our equity recycling model, further strengthening the interest of major operators in our portfolio and confirming the credibility of the Group’s growth path.”
Our growth-oriented industrial strategy
As a Group, we frame this Transaction within our industrial strategy, which includes the complementary use of full ownership models and partnership/equity recycling models. This approach allows us to support the growth of our portfolio, optimise capital allocation and free up resources for new investments in high-value renewable assets.
In line with the Industrial Plan 2025–2028, we intend to continue along this trajectory, consolidating our role among the key players in the energy transition and further strengthening the credibility of the growth path undertaken by our Group.