Macquarie Asset Management has received confirmation from Dolomiti Energia Group that the Italian energy utility intends to exercise its pre-emption right to purchase shares from Macquarie European Infrastructure Fund 4 equating to a 40 per cent stake in Hydro Dolomiti Energia (HDE).
HDE operates 29 hydropower plants across the Italian province of Trento, representing 1.3 GW of installed capacity. Macquarie has been invested in HDE alongside Dolomiti Energia Group since 2016.
The decision follows a previous announcement on 25 June 2024, and will see Dolomiti Energia Group own 100 per cent of HDE upon financial close, expected in the second half of 2024.
/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.
