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  • ERG completes closing for the sale of its shareholding in TotalErg
    édité le 12/01/2018 - Plus de news de "ERG" - Voir la fiche entreprise de "ERG"

ERG completes closing for the sale of its shareholding in TotalErg
ERG completed the closing with the api Group regarding the sale of its 51% shareholding in TotalErg S.p.A., a company operating in oil product distribution and refining, as well as the closing with Total Marketing Services S.A. for the sale of its stake (corresponding to 51%) in the company Total Italia S.r.l., owner of the business unit operating in the lubricant sector previously owned by TotalErg S.p.A.

As anticipated in our press release dated 3 November 2017, conclusion of the transaction followed approval by the competent Antitrust authority and completion of the spin-off of the above mentioned TotalErg S.p.A. business unit in favour of Total Italia S.r.l..

This transfer represents the positive conclusion of a complex transaction marking the ERG Group's definitive exit from the OIL industry, further strengthening its financial capacity with a view to continuing its growth path in renewables.

About ERG

ERG has been operating successfully in the energy sector for nearly 80 years.
Listed on theMilan Stock Exchange, ERG is the leading wind operator in Italy and amongst the main players in Europe, with an installed capacity of 1,768 MW.
ERG is also active in the production of power from water and thermoelectric sources.

About Total

Total is a global integrated energy producer and provider, a leading international oil and gas company, and a major player in solar energy with SunPower and Total Solar. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.

Origine : Communiqué ERG

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