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ERG SpA (ERG.MI)

ERG.MI on Milan Stock Exchange

16.34EUR
8 Dec 2017
Change (% chg)

€0.39 (+2.45%)
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€15.95
Open
€16.00
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€16.35
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€15.96
Volume
277,988
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224,017
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€16.35
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Latest Key Developments (Source: Significant Developments)

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

ERG unit acquires 2 wind farms in France with total capacity of 16 MW
Wednesday, 11 Oct 2017 10:18am EDT 

Oct 11 (Reuters) - ERG SPA ::ITS UNIT SIGNS CONTRACT WITH VENT D'EST SAS FOR PURCHASE OF 75% EQUITY INTEREST IN TWO COMPANIES OWNERS OF TWO WIND FARMS WITH CAPACITY OF 16.25 MW​.‍VALUE OF ACQUISITION, BASED ON 100%, CORRESPONDS TO AN ENTERPRISE VALUE OF 12.9 MILLION EURO​.‍TRANSACTION ALSO PROVIDES FOR A CO-DEVELOPMENT AGREEMENT TO BE ENTERED INTO WITH VENT D'EST SAS.‍CO-DEVELOPMENT AGREEMENT REGARDS AN EARLY-STAGE PIPELINE OF PROJECTS TOTALLING AROUND 300 MW AGAIN LOCATED IN FRANCE​.  Full Article

Erg CEO confident will close sale of Italy petrol stations by year-end
Monday, 25 Sep 2017 11:10am EDT 

Sept 25 (Reuters) - Renewable energy company Erg CEO Luca Bettone says::he is "quite confident" will close the sale of the petrol station network Erg runs in Italy with France's Total <<>> by the end of the year..  Full Article

ERG Q2 recurring net profit up at EUR 27 mln
Thursday, 10 Aug 2017 01:48am EDT 

Aug 10 (Reuters) - ERG SPA ::Q2 RECURRING EBITDA (NOT REVENUE) EUR 107 MILLION VERSUS EUR 111 MILLION YEAR AGO.Q2 RECURRING NET PROFIT EUR 27 MILLION VERSUS EUR 17 MILLION YEAR AGO.Q2 REVENUE EUR 236 MILLION VERSUS EUR 235 MILLION YEAR AGO.CONFIRMS 2017 GUIDANCE.  Full Article

ERG launches issue and placement of 100 mln euro non-convertible bond
Wednesday, 12 Jul 2017 11:07am EDT 

July 12 (Reuters) - ERG SPA ::LAUNCHES PROCESS TO ISSUE AND PLACE WITH INSTITUTIONAL INVESTORS NON-CONVERTIBLE BOND OF NOMINAL AMOUNT OF 100 MILLION EURO.DENOMINATION PER BOND AMOUNTS TO 100,000 EURO.NOTES WILL BE ISSUED AT A PRICE EQUAL TO 100% OF THEIR NOMINAL VALUE AND WILL BEAR INTEREST AT A FIXED RATE OF 2.175%.PURPOSE OF ISSUE IS TO RAISE FUNDS FOR NEW INVESTMENTS IN RENEWABLE ENERGY SECTOR AND TO REFINANCE INVESTMENTS IN HYDROELECTRIC PLANTS IN ITALY.NOTES WILL BE UNRATED, WILL NOT BE SUBJECT TO FINANCIAL COVENANTS AND WILL BE REPAID IN WHOLE IN JANUARY 2023.  Full Article

ERG Q1 net profit up at EUR 65.0 million
Friday, 12 May 2017 01:48am EDT 

May 12 (Reuters) - ERG SpA :Q1 NET PROFIT EUR 65.0 MILLION VERSUS EUR 47.8 MILLION YEAR AGO.Q1 REVENUES FROM ORDINARY OPERATIONS EUR 302.6 MILLION VERSUS EUR 295.4 MILLION YEAR AGO.SEES FOR THE END OF 2017 EBITDA OF EUR 430 MILLION AND A NET DEBT OF EUR 1.45 BILLION.  Full Article

Erg CEO sees Italy petrol station sale before summer
Friday, 10 Mar 2017 05:51am EST 

The CEO of Italian renewable energy group Erg says: expects to wrap up the sale of the Italian petrol station network it controls with France's Total via the joint venture TotalErg before the summer Further company coverage: [ERG.MI] (Reporting by Milan newsroom).  Full Article

ERG FY net profit rises to EUR 107 mln, proposes dividend of EUR 0.50/shr
Friday, 10 Mar 2017 02:11am EST 

ERG SpA : FY net profit 107 million euros ($113.30 million) versus 96 million euros a year ago . FY revenue 1.03 billion euros versus 944 million euros a year ago . Proposes dividend of 0.50 euro per share . 2017 EBITDA is forecast at around 430 million euros . Cash generation in 2017 will enable the distribution of an ordinary dividend of 0.50 euro per share .ERG's cash generation will reduce indebtedness by about 100 million euros to about 1,450 million euros.  Full Article

ERG unit acquires six wind farms in Germany
Wednesday, 8 Mar 2017 01:46am EST 

ERG SpA : Its unit ERG Power Generation SpA acquires from DIF RE Erneuerbare Energien 1 GmbH and DIF RE Erneuerbare Energien 3 GmbH, a 100 percent stake in six German companies, owners of six wind farms in Germany . Price of purchase paid in terms of equity value amounts to 14.4 million euros ($15.21 million), corresponding to an enterprise value of approximately 40 million euros .The closing of the transaction is expected to take place during the second quarter of 2017.  Full Article

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Total and Erg sell Italian fuel retail business to API

PARIS/MILAN French oil company Total said on Friday it had agreed to sell the Italian petrol station network it co-owns with partner ERG to refiner API, completing the planned disposal of the TotalErg joint venture's assets.