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ERG SpA (ERG.MI)

ERG.MI on Milan Stock Exchange

18.54EUR
21 May 2018
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Latest Key Developments (Source: Significant Developments)

Unicredit Completes Placememt Of Shares Equal To About 4 Pct Of ERG's Ordinary Share Capital
Tuesday, 10 Apr 2018 03:49pm EDT 

April 10 (Reuters) - Unicredit ::COMPLETES PLACEMEMT OF SHARES EQUAL TO APPROXIMATELY 4% OF ERG'S ORDINARY SHARE CAPITAL.GROSS PROCEEDS AMOUNT TO ABOUT EUR 111.84 MILLION, FROM SALE OF 6,012,800 ORDINARY SHARES OF ERG, AT A PRICE OF EUR 18.60 PER SHARE.  Full Article

ERG Secondary ABO: Books Covered, Pricing Guidance To Follow On Accelerated Bookbuild Offering - Bookrunner
Tuesday, 10 Apr 2018 12:26pm EDT 

April 10 (Reuters) - Bookrunner (ERG SECONDARY ABO)::BOOKRUNNER SAYS BOOKS COVERED, PRICING GUIDANCE TO FOLLOW ON ACCELERATED BOOKBUILD OFFERING OF 6 MILLION SECONDARY SHARES.  Full Article

ERG Acquires Two Wind Farms And Development Company In France
Friday, 6 Apr 2018 01:20pm EDT 

Apr 9 (Reuters) - ERG ::SAID ON FRIDAY ACQUIRED TWO WIND FARMS FOR TOTAL 26 MW AND DEVELOPMENT COMPANY IN FRANCE WITH A PIPELINE OF ABOUT 750 MW.TOTAL DEAL VALUE IS EUR 57 MLN OUT OF WHICH ABOUT EUR 17 MLN ARE RELATED TO PROJECT FINANCING.THE AGREEMENT, WITH REFERENCE TO THE PIPELINE, ALSO PROVIDES AN "EARN-OUT" MECHANISM IN FAVOUR OF THE SELLER FOR A MAX. AMOUNT OF AROUND EUR 5 MILLION .THE DEAL IS EXPECTED TO BE CLOSED IN THE Q2 .  Full Article

ERG Q4 Net Profit Up At EUR 28 Mln
Thursday, 8 Mar 2018 02:20am EST 

March 8 (Reuters) - ERG SPA ::Q4 NET PROFIT EUR 28 MILLION VERSUS EUR 24 MILLION YEAR AGO.Q4 CORE REVENUE EUR 291 MILLION VERSUS EUR 268 MILLION YEAR AGO.FOR 2018 GROUP EBITDA IS EXPECTED TO GROW SLIGHTLY TO ABOUT EUR 475 MILLION.PROPOSED DIVIDEND OF EURO 1.15 PER SHARE, INCLUDING AN EXTRAORDINARY COMPONENT OF EURO 0.40.  Full Article

ERG Approves 2018-2022 Business Plan
Thursday, 8 Mar 2018 01:57am EST 

March 8 (Reuters) - ERG SPA ::APPROVES 2018-2022 BUSINESS PLAN.PROGRESSIVE INCREASE IN EBITDA TO EUR 500 MILLION IN 2020 AND TO EUR 560 MILLION IN 2022.DIVIDEND POLICY: PROPOSED INCREASE IN ORDINARY DIVIDEND TO EUR 0.75 PER SHARE, SUSTAINABLE OVER PLAN PERIOD.A PROPOSED EXTRAORDINARY DIVIDEND IN 2018 OF EURO 0.40 PER SHARE, LINKED TO SALE OF TOTALERG.‍TOTAL INVESTMENTS ENVISAGED DURING PLAN PERIOD: EURO 1.68 BILLION​.  Full Article

ERG Sells 100 Pct Of Brockaghboy Windfarm To Greencoat UK Wind
Thursday, 8 Mar 2018 01:54am EST 

March 8 (Reuters) - ERG SPA ::SELLS 100% EQUITY STAKE IN BROCKAGHBOY WINDFARM LTD TO GREENCOAT UK WIND PLC.‍OVERALL CASH-IN FOR ERG WILL AMOUNT TO AROUND 95 MILLION POUNDS (108 MILLION EURO)​.TRANSACTION'S ENTERPRISE VALUE AMOUNTS TO APPROXIMATELY 163 MILLION POUNDS (CORRESPONDING TO ABOUT 185 MILLION EURO).  Full Article

ERG Acquires Project For The Construction Of Wind Farm In Germany
Monday, 15 Jan 2018 04:19am EST 

Jan 15 (Reuters) - ERG Spa ::VIA ITS UNIT, ERG WINDPARK BETEILIGUNGS GMBH, BUYS FROM VORTEX ENERGY 100 PERCENT STAKE IN WINDPARK LINDA GMBH & CO. KG.WINDPARK LINDA GMBH HOLDS PERMITS FOR CONSTRUCTION OF A WIND FARM IN GERMANY OF POWER OF 21.6 MW.THE ESTIMATED INVESTMENT FOR THE CONSTRUCTION OF THE PARK IS APPROXIMATELY EUR 30 MILLION.  Full Article

Erg Completes Acquisition Of 100 Of ForVei
Friday, 12 Jan 2018 08:31am EST 

Jan 12 (Reuters) - ERG SPA ::COMPLETES ACQUISITION FROM VEI GREEN SRL OF A 100% STAKE IN FORVEI.FORVEI IS A PHOTOVOLTAIC OPERATOR IN ITALY WITH A TOTAL INSTALLED CAPACITY OF 89 MW.  Full Article

Erg signs deal to buy 100 pct of ForVei, enters solar energy sector
Thursday, 16 Nov 2017 01:53am EST 

Nov 16 (Reuters) - ERG SPA ::SIGNS AGREEMENT WITH VEI GREEN FOR ACQUISITION OF 100% OF FORVEI, A PHOTOVOLTAIC OPERATOR IN ITALY‍​.TRANSACTION'S ENTERPRISE VALUE AMOUNTS TO 336 MILLION EURO.ACQUISITION MARKS ERG'S ENTRY INTO THE SOLAR ENERGY SECTOR‍​.  Full Article

Erg and Total Marketing sell 100% equity interest in TotalErg‍​
Friday, 3 Nov 2017 01:23pm EDT 

Nov 3 (Reuters) - ERG SPA ::ERG AND TOTAL MARKETING SERVICES SIGN BINDING AGREEMENT WITH API GROUP FOR SALE OF 100% EQUITY INTEREST IN TOTALERG‍​.TOTAL SUM PAYABLE TO ERG FOR TRANSACTION’S EQUITY VALUE AMOUNTS TO 273 MILLION EURO‍​.  Full Article

Italy's ERG interested in Terra Firma's Italian solar portfolio: CEO

MILAN Italian renewable energy group ERG has expressed interest in the solar power portfolio Terra Firma is looking to sell in the country, the company's chief executive told Reuters on Thursday.