M&A Activity • Feb 21, 2024
M&A Activity
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Affiliate Closes Sale of Rotterdam Airport Project
Reference is made to the press release issued by Alternus Energy Group Plc (OSE: ALT) (the “Company”) on 21 November 2023 and the Company’s Euronext notices filed on 28 December 2023 and 16 January 2024, regarding the planned sale of its operating solar projects in the Netherlands. The Company and one its wholly owned subsidiaries, AEG JD 02 Ltd., has sold 100% of the share capital in Blue Sky Energy I B.V. (“Blue Sky”) which holds a 13.63 MW solar farm project at Rotterdam Airport.
The total remuneration consisting of the purchase price and the repayment of shareholder’s loans granted to SPVs is in line with what the Company previously announced on 21 November 2023; the proceeds from the Blue Sky sale will be used to pay down debt.
EY acted as the sole Financial Advisor to the Company in these transactions.
About Alternus Energy Group:
AEG is a transatlantic clean energy independent power producer (IPP). We develop, install, own and operate utility scale solar parks in America and Europe. Our highly motivated and dynamic team at Alternus have achieved rapid growth in recent years. Building on this, our goal is to reach 3GW of operating projects within 5 years through continued organic development activities and targeted strategic opportunities. Our vision is to become a leading provider of 24/7 clean energy delivering a sustainable future of renewable power with people and planet in harmony.
AEG operates primarily through Alternus Clean Energy, Inc (Nasdaq: ALCE). AEG is listed on the Euronext Growth Oslo and headquartered in Ireland while Alternus Clean Energy, Inc. is listed on Nasdaq and headquartered in the US. They remain as two separate legal entities.
For More Information:
Alternus Energy Group
+1 (913) 815-1557
or
The Blueshirt Group
+1 (323) 240-5796
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