4 August 2022
With reference to the stock exchange announcement published on 29 June regarding
the expected closing date of contract to buy two 1 MW solar parks in Italy.
After having negotiated with the sellers for some time, it has not yet been
possible to reach a complete agreement on the commercial conditions that both
parties are willing to accept. Both parties are nevertheless still motivated to
find a solution. Due to consideration of both the seller's shareholder
composition and their demands, as well as Aega's demands for price and internal
rate of return, the process has dragged out in time. Negotiations are expected
to resume after the Italian holiday that lasts throughout August. Aega will
provide further updates as soon as we have something concrete to report and in
any case by mid-September.
"We have over the years carried out many transactions, and from time to time it
has taken somewhat longer than the initial plan. This time, various and partly
new challenges have arisen along the way. However, I am very satisfied that both
parties have chosen a constructive approach to solve them. There are still some
pending issues to resolve, and this means we didn't reach the finish line before
the Italian holiday. We look forward to using that period well and to do what we
can to put in place solutions where there is still distance between the
parties", says CEO of Aega Nils P. Skaset
For more information:
Nils Petter Skaset, CEO of Aega ASA,
tel: +47 951 88 154, e-mail: ceo@aega.no
About AEGA
Aega ASA is a Norwegian listed investment company. The company focuses on
acquisitions of smaller existing solar parks (below 5MWp capacity) in Italy,
following strict investment criteria. In addition to being an industrial player
in Italy, Aega also considers financial investments within the renewable energy
sector.