Eolo Energia, a joint venture between EDF and infrastructure fund F2i, has launched an offer to buy Italian wind power operator Alerion for €107.2m.
The venture, led by EDF’s Italian unit Edison, offers to pay €2.46 for each share.
Alerion owns 10 wind farms with a combined 259MW in Italy and 6MW facility in Bulgaria.
The deal is part of the utility’s strategy to boost its activities in the renewable energy industry.
It will create Italy’s second-largest wind power operator, Edison said.
The offer aims to delist Alerion shares from the Italian Stock Exchange.
Image: EDF
