Nordic Financials ASA — M&A Activity 2019

Sep 30, 2019

Signing of preliminary agreement to acquire solar park

Signing of preliminary agreement to acquire solar park

30 September 2019 – Aega ASA has trough a wholly-owned subsidiary today signed a preliminary agreement to acquire a 1 MWp solar plant in Cori, Latina. The parties expect to sign the final acquisition agreement before 15 October. The target, Produzioni Energia Cori S.r.l has an agreed enterprise value of MEUR 3.6, of which approximately 0.4 MEUR is equity and 0.2MEUR is NWC and the remaining amount is existing debt.

The plant is a single axis tracker plant with a Feed-in tariff of 0.325 EUR per kWh. Aega plans to fund the acquisition with internal cash.

An extended stock exchange notice will follow within Thursday 3rd, 2019.

For more information, please contact

Markus Enge, CEO of Aega ASA, tel: +47 225 60 600, email: mhe@aega.no