Iif, who is and what does the JPMorgan fund that will remove Falck Renewables from the Stock Exchange
JPMorgan's Infrastructure Investment Fund has acquired 60% of Falck Renewables and aims to delist it from the Milan Stock Exchange. All the details on the fund's activities
Infrastructure Investment Fund, an infrastructure investment fund linked to the US financial services company JPMorgan, has acquired a 60 percent stake in Falck Renewables, an Italian company in the Falck group specializing in renewable energy.
The transaction – at a price of € 8.8 per share – will close in the first quarter of 2022. After that, a takeover bid (takeover bid) will be launched.
THE NUMBERS OF FALCK
In addition to providing energy management services, Falck Renewables owns renewable energy plants with an installed capacity of 1.3 gigawatts in Italy, the United Kingdom, the United States, Spain, France, Norway and Sweden.
WHAT IIF WANTS TO DO
The Infrastructure Investment Fund has said it wants to remove Falck Renewables from the Milan Stock Exchange: it is part of the STAR segment, the one dedicated to companies with capitalization up to 1 billion euros.
Falck Renewables will remain under the leadership of CEO Toni Volpe, CFO Paolo Rundeddu and the rest of the management team.
THE STATEMENTS OF FALCK RENEWABLES
Volpe spoke of the acquisition by Infrastructure Investment Group as an "extraordinary operation, which takes place at a time of great change in the renewable energy sector" and which "will provide further support, resources and momentum to our growth plans in the medium long period".
WHAT IIF DOES
Infrastructure Investment Fund is an investment fund linked to JPMorgan Asset Management: it was established in 2006 and invests in infrastructure, especially for energy and public services, with a preference for long-term contracts. It has invested over $ 3 billion in renewable energy projects around the world, for a capacity of 4.8 GW.
In a presentation , the Infrastructure Investment Fund has a net asset value of $ 12.4 billion and a portfolio of seventeen companies (totaling 541 assets) in twenty-two countries. It has customers mainly in the UK (27 per cent), the United States (21 per cent), mainland Europe (17 per cent) and Canada (13 per cent). We also read that the fund pays particular attention to the ESG criteria for environmental, social and governance sustainability of investments.
The Chief Investment Officer is Matthew LeBlanc.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/energia/infrastructure-investment-group-acquisto-falck-renewables/ on Wed, 20 Oct 2021 09:49:03 +0000.