EnergyWatch

Athena's board recommends million-euro sale in Spain and Italy

After reviewing an offer of EUR 90.9 million for several Italian and Spanish wind and solar farms, Athena's board of directors recommends that shareholders accept.

Photo: Carlos Barria

Athena's board of directors has reviewed and analyzed offers from Ardian Infrastructure and Glennmont to take over a number of Athena's wind and solar facilities in Italy and Spain for EUR 90.9 million. The board recommends that shareholders vote in favor of the sales at a coming extraordinary general meeting (EGM), according to a stock exchange notice on Monday.

"Based on the analysis described above, the board of directors concluded that the price is fair, from a financial point of view, and recommends the shareholders to vote in favor of the acceptance of the offers," writes the company in the conclusion to the statement.

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