Greening

Greening

Greening’s takeover bid for Energy Solar Tech proves successful with 92% of share capital in favour

Reported by the Consejeros Editorial Team The takeover bid launched by Greening for Energy Solar Tech has concluded successfully after securing the acceptance of more than 92 per cent of the share capital. The level of support obtained exceeds the minimum threshold set for the validity of the transaction, which enables the settlement phases to be carried out in accordance with the timetable set by the company. Energy Solar Tech…


Greening

Greening’s new strategy aims for structural transformation of group towards industrial segment

Banc Sabadell | Greening’s (GGR) new strategy aims for a structural transformation of the group towards the industrial segment, with a focus on Spain and, to a lesser extent, Italy. Activities will be streamlined towards self-consumption, generation – via SVP – and supply. The plan includes financial restructuring, asset rotation (with capital gains of €72 million) and a capital increase (up to €30 million; €15 million already committed). There would…


GREENING

Greening to build 25 MW self-consumption project for Seat with estimated investment of €22.54m

Renta 4 | Greening Group will build 26.44 MW of self-consumption for the automotive group Seat at its facilities in Catalonia, in what will be one of the largest self-consumption projects in Europe. The estimated investment is €22.54 million. Assessment: Positive news that underpins the company’s strategy within its new Strategic Plan. We reiterate our Overweight recommendation, with a target price of €8.50/share.