(SeeNews) - Nov 26, 2013 - Norwegian firm EAM Solar ASA today said it has inked a binding term sheet to buy eight companies that own 30 MW of solar power plants in the Puglia region of southern Italy.<br /><br /> The buyer explained that the acquisition is based on an enterprise value of EUR 115 million (USD 155.7m) for the acquired portfolio of 31 solar system. Total of EUR 73.4 million is existing debt to be assumed by EAM, while the latter will pay EUR 41.6 million in cash using available resources and new equity in EAM Solar. The final acquisition price will also include earn-outs and a performance guarantee.
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