Brief: Iren Says Co Signs An Investment Agreement To Acquire 50% Of The Newco Related To Egea

Iren S.p.A.

30/03/2024 16:06

March 30 (Reuters) - Iren SpA  IREE.MI :
    * IREN:  NEWCO WILL BE 50% OWNED BY CO THROUGH CAPITAL
INCREASE OF
EUR 85 MILLION THAT CO WILL SUBSCRIBE & RELEASE AT CLOSING OF
TRANSACTION
    * IREN:  OTHER 50% BY A MIDCO, WHOSE SHARE CAPITAL WILL BE
FULLY
OWNED BY EGEA SPA.
    * IREN:  NEWCO WILL ALSO ACQUIRE FROM LIGHTHOUSE TERMINALS
LIMITED
(A COMPANY OWNED BY ICON INFRASTRUCTURE FUND) 100% OF LIME
ENERGIA SRL
    * IREN:WILL HAVE 4YR CALL OPTION TO ACQUIRE STAKE HELD BY
MIDCO&
ANOTHER OPTION FROM JAN 2025 TO SUBSCRIBE TO RESERVED CAPITAL
INCREASE OF EUR 42.5 MILLION

Source text for Eikon:  ID:nINF1Sp0pj 
Further company coverage:  IREE.MI 

 ((Reuters.Briefs@thomsonreuters.com;))