Macquarie Asset Management agrees sale of Hydro Dolomiti Energia stake to Dolomiti Energia Group
Source: www.gulfoilandgas.com 7/16/2024, Location: Europe
Macquarie Asset Management has received confirmation from Dolomiti Energia Group that the Italian energy utility intends to exercise its pre-emption right to purchase shares from Macquarie European Infrastructure Fund 4 equating to a 40 per cent stake in Hydro Dolomiti Energia (HDE).
HDE operates 29 hydropower plants across the Italian province of Trento, representing 1.3 GW of installed capacity. Macquarie has been invested in HDE alongside Dolomiti Energia Group since 2016.
The decision follows a previous announcement on 25 June 2024, and will see Dolomiti Energia Group own 100 per cent of HDE upon financial close, expected in the second half of 2024.
