IFLR1000

ERG €950 million acquisition of EON's Italian hydro power assets

7/8/2015
Public acquisition
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€ 950 million

$ 1.066 billion

Completed

7/8/2015

Overview:

  • ERG has acquired EON's Italian hydroelectric power plants for €950 million.
  • The acquisition comprises 16 hydro plants. The largest single site is the 527MW Terni Hydroelectric Complex, produces 1.4TW hours of electricity a year.
  • The deal was financed through a €700 million loan taken out from Banca IMI, Barclays, BNP Paribas, Crédit Agricole, ING, Intesa Sanpaolo, Natixis and UniCredit.

Sam Duke - Editor

Jurisdictions:

Germany
Italy

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Energy

Firms:
Chiomenti

Party: EON Se Na (Seller)

Lawyers: Carlo Croff, Carola Antonini, Luca Andrea Frignani

DLA Piper

Party: ERG (Acquirer)

Lawyers: Claudio D'Alia, Francesco Novelli, Giovanni Ragnoni Bosco Lucarelli, Giulio Maroncelli

Freshfields Bruckhaus Deringer

Party: Banca IMI (Lender)

Party: Barclays (Lender)

Party: BNP Paribas (Lender)

Party: Credit Agricole (Lender)

Party: ING (Lender)

Party: Intesa Sanpaolo (Lender)

Party: Natixis (Lender)

Party: Unicredit (Lender)

Lawyer: Emiliano Conio (retired)

Gleiss Lutz

Party: EON Se Na (Seller)

Lawyer: Thomas Menke

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