(Tiper Stock Exchange) – Brescian initiatives (INBRE), a company listed on Euronext Growth Milan and active in the renewable energy sector, ha completed the sale of the entire investment held in the company Iniziative Bergamasche (equal to 50% of the related share capital) to the Consorzio di Bonifica della Media Pianura Bergamasca.
The operation was announced on May 5th. L’equity value of 100% of Iniziative Bergamasche for the purposes of the transaction was confirmed at 14.5 million euro.
“The operation has made it possible to fully affirm the group’s potential by bringing out the values generated by the correct identification of interesting sites, by the design, construction and management of hydroelectric plants – commented the President Battista Albertani – elements that have found a punctual valorisation in the sale by maximizing the investments made”.
The company estimates that the transaction will generate a reduction innet borrowing consolidated income of around 2.6 million euros in 2023, with positive effects of around 4.2 million euros onNet income in 2023, including the investee’s result.