Brief: Nordic Financials to buy Italian solar utility company

Nordic Financials ASA

21/12/2015 16:32

Dec 22 (Reuters) - Nordic Financials ASA  NOFIN.OL : 
    * Said on Monday is to acquire Aega Yieldco AS  
    * Consideration would be of about 75.5 million Norwegian crowns ($8.6 million) for 100 pct 
of shares with settlement in Nordic Financials shares valued at 3.00 crowns per share 
    * Valuation of the company's shares represents a 119 pct premium to the last published net 
asset value of 1.37 crowns per share as of Nov. 30  
    * Said had signed a letter of intent (LOI) with Aega AS, the largest shareholder of Aega 
Yieldco, holding about 14 pct of the shares 
    * Acquisition would represent a change in strategic direction for the company to include 
investments in secondary solar parks in Italy 
    * Aega Yieldco AS owns a portfolio of five individual solar parks in the Umbria and Lazio 
regions in Italy with a combined production capacity of 5MW 
 
     
Source text for Eikon:  ID:nObis4xla  
     
Further company coverage:  NOFIN.OL  
 
($1 = 8.7698 Norwegian crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))