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Wind farms manager Renvico draws bid from A2A - report

The San Gregorio wind farm in Italy. Source: Renvico

September 23 (Renewables Now) - Renvico Holding has received an offer for its wind farms from Italian utility A2A SpA (BIT:A2A), the CEO of the latter, Valerio Camerano, told Reuters today.

A development on this matter is anticipated in the next few weeks, according to Camerano.

Renvico was created in 2015, when a vehicle owned by Macquarie European Infrastructure Fund 4 bought the renewable energy arm of Sorgenia Group. According to the company’s website, Renvico currently manages wind farms with a combined installed capacity of 334 MW in Italy and France.

In mid-April, Reuters reported, quoting insiders, that a fund run by Australia’s Macquarie Group Ltd (ASX:MQG) was looking to sell Renvico and that a deal could fetch some EUR 400 million (USD 439m).

(EUR 1.0 = USD 1.098)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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