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ERG.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

UniCredit ERG Renew swap values ERG shares at 12.8 euros each
Wednesday, 12 Oct 2016 11:05am EDT 

Italy's ERG says: UniCredit swaps an ERG Renew 7.14 percent shareholding for a stake in ordinary treasury shares of ERG group of 4 percent . The swap ratio agreed for the exchange is approximately 0.78 ERG ordinary shares for each ERG Renew share, considering a value of 12.8 euros for each ERG ordinary share . UniCredit will observe a 180 day lock-up commitment on ERG shares Further company coverage: [CRDI.MI] (Reporting by Milan newsroom).  Full Article

ERG Q2 net profit falls to EUR 17 mln
Friday, 5 Aug 2016 06:13am EDT 

ERG SpA : Q2 net profit 17 million euros ($18.95 million) versus 23 million euros a year ago .Q2 revenue 235 million euros versus 222 million euros a year ago.  Full Article

ERG Q1 group net result at replacement cost up at 57 million euros
Friday, 13 May 2016 01:47am EDT 

ERG SpA : Q1 consolidated EBITDA at replacement cost: 163 million euros ($185.38 million), an increase from 111 million euros in Q1 of 2015 . Q1 group net result at replacement cost: 57 million euros, 34 million euros in Q1 of 2015 .Confirms guidance for 2016 which forecasts, for the end of the year, EBITDA of 440 million euros and a net debt of 1.73 billion euros.  Full Article

ERG SpA proposes FY 2015 dividend
Wednesday, 23 Mar 2016 02:38am EDT 

ERG SpA:Proposes FY 2015 dividend of 1.0 euro per share, of which 0.50 euro as extraordinary dividend.  Full Article

ERG SpA unit ERG Renew buys from TCI Renewables 100 pct stake in Brockaghboy Windfarm Ltd
Sunday, 28 Feb 2016 07:00pm EST 

ERG SpA:Unit ERG Renew has acquired from TCI renewables 100 percent equity interest in Brockaghboy Windfarm Ltd.Brockaghboy Windfarm Ltd is a company holding authorisations to build a wind farm in Northern Ireland with the capacity of approximately 45 MW.Expects to commence construction of the wind farm during the second quarter of 2016 with a view to completion of construction at the end of the first quarter of 2017.Overall investment for implementation of wind farm is estimated at around 80 million euros which already includes initial amount paid to buy Brockaghboy Windfarm Ltd.Project meets conditions for accrediting under current incentive mechanisms (NIRO) and related "grace period", subject to draft bill being finalised by the UK parliament.Based on agreements with TCI Renewables, upon completion of construction and NIRO accreditation, possibility is provided for to sell Brockaghboy Windfarm Ltd to third parties.Unit to be entitled to submit to TCI Renewables a proposal for maintaining the ownership.Should TCI Renewables not accept the proposal, and only in the event that higher offers from third parties are received and accepted, Brockaghboy Windfarm Ltd will be sold.  Full Article

ERG SpA unit finalizes acquisition of windfarms in France and Germany, two operating companies
Tuesday, 2 Feb 2016 11:16am EST 

ERG SpA:‍ERG Renew finalizes agreement for acquisition from a fund managed by Impax Asset Management Group of 11 wind farms in France and of 6 wind farms in Germany.‍The acquired wind farms represent an overall capacity of 206 MW​.‍The acquisition also includes two operating companies, CSO Energy Sarl and CSO Energy Gmbh.CSO Energy Sarl and CSO Energy Gmbh provide operational and commercial technical assistance to "captive" and third-party wind power operators in France, Germany and Poland, serving about 800 MW.  Full Article

ERG SpA unit Erg Renew terminates joint venture with Lukoil
Wednesday, 23 Dec 2015 08:31am EST 

ERG SpA:Unit Erg Renew terminates joint venture Lukerg Renew with Lukoil​.  Full Article

ERG SpA incorporates ISAB Energy
Friday, 18 Dec 2015 06:23am EST 

ERG SpA:Says real effects of merger by incorporation of ISAB Energy Srl into ERG SpA commence from Dec. 18.  Full Article

ERG SpA unit gets 177.5 mln zloty loan for Radziejow wind farm
Tuesday, 3 Nov 2015 09:37pm EST 

ERG SpA:EW Orneta 2, owner of the wind farm located in the Polish municipality of Radziejow and fully owned by ERG Renew, signs financing agreement of 177.5 million zlotys for the Radziejow wind farm.  Full Article

ERG SpA unit to buy wind farms in France, Germany
Thursday, 15 Oct 2015 01:52am EDT 

ERG SpA:Unit ERG Renew has signed an agreement to buy 11 wind farms in France and 6 in Germany.The transaction's enterprise value amounts to around for 297 million euros.ERG Renew to buy wind farms from a fund managed by Impax Asset Management Group.  Full Article

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