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to-the-point: Alperia buys majority stake in Italian renewables player GPP

Solar park in Italy. Author: Solar Farm - Solar energy power plants. License: Creative Commons, Attribution 2.0 Generic

September 10 (Renewables Now) - Italian utility Alperia SpA closed on Monday the acquisition of a 71.88% stake in Gruppo Green Power SpA (GPP), a renewable energy and energy efficiency solutions provider operating in Italy.

When it announced the stake purchase in early August 2019, the South Tyrol-focused energy company said that it would pay a consideration of EUR 7.92 million (USD 8.75m) at the closing date.

The deal valued GPP’s shares at EUR 3.693 apiece.

(EUR 1.0 = USD 1.10)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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