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Acea SpA's Subsidiary Acea Reti e Servizi Energetici SpA to Sell Apollo Srl to RTR Capital Srl

Friday, 28 Dec 2012 11:35am EST 

Acea SpA announced that its subsidiary Acea Reti e Servizi Energetici SpA (Acea RSE), the Energy Service company wholly owned by Acea SpA, which operates in the renewables sector offering sustainable energy saving and efficiency solutions, has signed the agreement with RTR Capital Srl (a subsidiary of Terra Firma) for the sale of the company Apollo Srl which manages photovoltaic plants with total installed capacity of 32.544 MW. The sale follows a competitive bidding process that initially attracted interest from 30 operators in the sector. Apollo Srl is being sold for a total consideration of EUR 102.5 million, equal to an average price of approximately EUR 3 million per MW. The plants being sold, which are located in Puglia, Lazio and Campania, Italy. During the sale process, Acea was assisted by Rothschild and Banca IMI, acting as financial advisors, by Bain & Company, acting as industrial advisor, and by Vitali Romagnoli Piccardi e Associati acting as fiscal advisor. 

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