The domestic wind power portfolio of Italy's No. 2 utility Edison is of approximately 600 megawatts. It wants to divest a majority stake in its wind power activities to fund larger development in the renewable sector but wishes to preserve management control of the assets. Players such as F2i, British fund Terra Ferma and U.S. private equity company First Reserve have shown interest in Edison’s wind assets, put on the block last year. F2i became the favorite after the withdrawal of the competitors following the disagreement over governance issues, according to the sources. The worth of the deal which might be concluded as early as the end of June is estimated to be less than an earlier bid by Terra Firma of almost 500 million euros ($681 million).
Daily (01.03.2021): Oil prices fell on Friday amid strong U.S. dollar, concerns of stronger supply, but notched weekly gains
01/03/2021 11:10:00 <READ MORE