E2i energie speciali S.r.l. and Edison Partecipazioni Energie Rinnovabili completed the acquisition of 38.931% stake in Alerion Clean Power SpA for 41.7 million.
In a rival transaction, FGPA Srl made an offer to acquire 29.9% stake in Alerion Clean Power SpA (BIT:ARN) for 33.6 million on October 28, 2016 and under the terms of revised offer, FGPA Srl will acquire 29.9% stake and and pay 2.6 per share in cash.
As of November 18, 2016, Eolo Energia S.r.l acquired 4.69% stake representing 2.04 million shares of Alerion Clean Power SpA (BIT:ARN). As of December 2, 2016, Eolo Energia S.r.l acquired 38.9% stake of Alerion Clean Power SpA (BIT:ARN). As per Regulation Consob has imposed on Edison and F2i to launch a new takeover bid before Christmas on the shares that have not been brought to the tender offer that just ended. As on December 7, 2016, the buyers have acquired 38.87% stake in Alerion and will launch a mandatory totalitarian takeover bid for 61.13% stake at 2.46 per share. The offer period will begin on December 23, 2016 and will close on January 16, 2017. Giliberti Pappalettera Triscornia E Associati acted as legal advisor for E2i energie speciali S.r.l. and Edison Partecipazioni Energie Rinnovabili whereas, Alberto Giampieri, Paolo Guaragnella, Andrea Sorace, and Giulia Marina Lazzari of Legance - Avvocati Associati acted as legal advisor of Alerion Clean Power SpA.
E2i energie speciali S.r.l. and Edison Partecipazioni Energie Rinnovabili completed the acquisition of 38.931% stake in Alerion Clean Power SpA (BIT:ARN) for 41.7 million on January 16, 2017.