Enel sells share of Greece subsidiary to Macquarie Asset Management

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Enel signed an agreement with Macquarie Asset Management to sell 50% of Enel Green Power Hellas and sets up a joint venture

Enel S.p.A. ("Enel"), acting through its fully-owned subsidiary Enel Green Power S.p.A. (“EGP”), has signed an agreement with Macquarie Asset Management, via the Macquarie Green Investment Group Renewable Energy Fund 2 (“MGREF2”), for the sale of 50% of Enel Green Power Hellas (“EGPH”), EGP’s fully-owned renewable subsidiary in Greece, for a total consideration of approximately 345 million euros, equal to an implied full enterprise value of approximately 980 million euros. Upon the transaction’s closing, EGP and Macquarie Asset Management are going to enter into a shareholder agreement... ... More: Official Press Release Enel

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Enel, Greece, Enel Green Power Hellas, Macquarie Asset Management, joint venture, green, renewable energy, portfolio, development, capacity