Denmark's European Energy mulls selling 10% stake & More News Here

May 11 (Renewables Now) – Danish renewables developer European Energy A/S has employed a monetary advisor to assist it promote a ten% stake within the firm, Bloomberg reported, quoting folks conversant in the matter.

The proceeds of such a transaction would help European Energy’s additional enlargement, the report says.

According to the insiders, a deal may worth your complete firm at between EUR 2.5 billion (USD 2.64bn) and EUR 3 billion. There is not any certainty that an settlement will probably be reached although, the sources have famous.

The Copenhagen-based firm is engaged within the improvement, financing, building and operation of wind and photo voltaic parks together with large-scale Power-to-X crops. It says it has over 20 GW of initiatives in improvement and greater than 1.2 GW beneath building. The agency has actions throughout Europe in addition to in Brazil, Australia and the US.

(EUR 1.0 = USD 1.056)

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