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 is the newest addition to the Renewables Now team. She has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry.

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