(Finance) – Iren completes the consolidation of Egea Holding, rising to 52.77% of the share capital. Last November 12, Iren’s Board of Directors had resolved to exercise the right to subscribe and pay the capital increase reserved for it, up to a maximum of Euro 5,882.00, plus a premium of Euro 19,994,118.00, to be exercised also in several tranches, with the aim of financing the development of the PNRR project relating to the district heating system in Alessandria, to be implemented through Telenergia, company controlled by Egea Holding.
Following the acquisition of the Antitrust and Golden Power clearances, today, Iren subscribed and paid the capital increase into Egea Holding for Euro 2,941.00, plus a premium of Euro 9,997,059.00.
Iren itself made this known with a press release in which it underlines that it has thus come to hold a total of 52.77% of the share capital of Egea Holding, acquiring control, with consequent accounting consolidation of Egea Holding and the companies controlled by it.
Also today, the shareholders’ meeting of Egea Holding was held which resolved, by virtue of the acquisition of the aforementioned control, the appointment of a new director of directors designated by Iren, which now appoints four members of the Board of Directors Administration on the total seven.