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ERG SpA (ERG.MI)

ERG.MI on Milan Stock Exchange

16.74EUR
19 Jan 2018
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Latest Key Developments (Source: Significant Developments)

ERG Acquires Project For The Construction Of Wind Farm In Germany
Monday, 15 Jan 2018 

Jan 15 (Reuters) - ERG Spa ::VIA ITS UNIT, ERG WINDPARK BETEILIGUNGS GMBH, BUYS FROM VORTEX ENERGY 100 PERCENT STAKE IN WINDPARK LINDA GMBH & CO. KG.WINDPARK LINDA GMBH HOLDS PERMITS FOR CONSTRUCTION OF A WIND FARM IN GERMANY OF POWER OF 21.6 MW.THE ESTIMATED INVESTMENT FOR THE CONSTRUCTION OF THE PARK IS APPROXIMATELY EUR 30 MILLION.  Full Article

Erg Completes Acquisition Of 100 Of ForVei
Friday, 12 Jan 2018 

Jan 12 (Reuters) - ERG SPA ::COMPLETES ACQUISITION FROM VEI GREEN SRL OF A 100% STAKE IN FORVEI.FORVEI IS A PHOTOVOLTAIC OPERATOR IN ITALY WITH A TOTAL INSTALLED CAPACITY OF 89 MW.  Full Article

Erg signs deal to buy 100 pct of ForVei, enters solar energy sector
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - ERG SPA ::SIGNS AGREEMENT WITH VEI GREEN FOR ACQUISITION OF 100% OF FORVEI, A PHOTOVOLTAIC OPERATOR IN ITALY‍​.TRANSACTION'S ENTERPRISE VALUE AMOUNTS TO 336 MILLION EURO.ACQUISITION MARKS ERG'S ENTRY INTO THE SOLAR ENERGY SECTOR‍​.  Full Article

Erg and Total Marketing sell 100% equity interest in TotalErg‍​
Friday, 3 Nov 2017 

Nov 3 (Reuters) - ERG SPA ::ERG AND TOTAL MARKETING SERVICES SIGN BINDING AGREEMENT WITH API GROUP FOR SALE OF 100% EQUITY INTEREST IN TOTALERG‍​.TOTAL SUM PAYABLE TO ERG FOR TRANSACTION’S EQUITY VALUE AMOUNTS TO 273 MILLION EURO‍​.  Full Article

ERG unit acquires 2 wind farms in France with total capacity of 16 MW
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - ERG SPA ::ITS UNIT SIGNS CONTRACT WITH VENT D'EST SAS FOR PURCHASE OF 75% EQUITY INTEREST IN TWO COMPANIES OWNERS OF TWO WIND FARMS WITH CAPACITY OF 16.25 MW​.‍VALUE OF ACQUISITION, BASED ON 100%, CORRESPONDS TO AN ENTERPRISE VALUE OF 12.9 MILLION EURO​.‍TRANSACTION ALSO PROVIDES FOR A CO-DEVELOPMENT AGREEMENT TO BE ENTERED INTO WITH VENT D'EST SAS.‍CO-DEVELOPMENT AGREEMENT REGARDS AN EARLY-STAGE PIPELINE OF PROJECTS TOTALLING AROUND 300 MW AGAIN LOCATED IN FRANCE​.  Full Article

UniCredit ERG Renew swap values ERG shares at 12.8 euros each
Wednesday, 12 Oct 2016 

Italy's ERG says: UniCredit swaps an ERG Renew 7.14 percent shareholding for a stake in ordinary treasury shares of ERG group of 4 percent . The swap ratio agreed for the exchange is approximately 0.78 ERG ordinary shares for each ERG Renew share, considering a value of 12.8 euros for each ERG ordinary share . UniCredit will observe a 180 day lock-up commitment on ERG shares Further company coverage: [CRDI.MI] (Reporting by Milan newsroom).  Full Article

ERG Q2 net profit falls to EUR 17 mln
Friday, 5 Aug 2016 

ERG SpA : Q2 net profit 17 million euros ($18.95 million) versus 23 million euros a year ago .Q2 revenue 235 million euros versus 222 million euros a year ago.  Full Article

ERG Q1 group net result at replacement cost up at 57 million euros
Friday, 13 May 2016 

ERG SpA : Q1 consolidated EBITDA at replacement cost: 163 million euros ($185.38 million), an increase from 111 million euros in Q1 of 2015 . Q1 group net result at replacement cost: 57 million euros, 34 million euros in Q1 of 2015 .Confirms guidance for 2016 which forecasts, for the end of the year, EBITDA of 440 million euros and a net debt of 1.73 billion euros.  Full Article

ERG SpA proposes FY 2015 dividend
Wednesday, 23 Mar 2016 

ERG SpA:Proposes FY 2015 dividend of 1.0 euro per share, of which 0.50 euro as extraordinary dividend.  Full Article

ERG SpA unit ERG Renew buys from TCI Renewables 100 pct stake in Brockaghboy Windfarm Ltd
Monday, 29 Feb 2016 

ERG SpA:Unit ERG Renew has acquired from TCI renewables 100 percent equity interest in Brockaghboy Windfarm Ltd.Brockaghboy Windfarm Ltd is a company holding authorisations to build a wind farm in Northern Ireland with the capacity of approximately 45 MW.Expects to commence construction of the wind farm during the second quarter of 2016 with a view to completion of construction at the end of the first quarter of 2017.Overall investment for implementation of wind farm is estimated at around 80 million euros which already includes initial amount paid to buy Brockaghboy Windfarm Ltd.Project meets conditions for accrediting under current incentive mechanisms (NIRO) and related "grace period", subject to draft bill being finalised by the UK parliament.Based on agreements with TCI Renewables, upon completion of construction and NIRO accreditation, possibility is provided for to sell Brockaghboy Windfarm Ltd to third parties.Unit to be entitled to submit to TCI Renewables a proposal for maintaining the ownership.Should TCI Renewables not accept the proposal, and only in the event that higher offers from third parties are received and accepted, Brockaghboy Windfarm Ltd will be sold.  Full Article