Ence : Solar PV project divestment provides visibility on pipeline
>First divestment of Naturgy agreement at attractive valuations - Magnon Green Energy (51% controlled by Ence) has completed the sale of the 100 MW Solar PV project in Andújar (Jaén, currently under construction) to Naturgy (within the framework agreement covering 373 MW of PV projects in Spain) for € 27.7m. The transaction yields a valuation of € 277k per MW (compared to € 166k of the full Naturgy agreement: € 62m, € 166k per MW) and provides visibility on the group’...Ence Energia Y Celulosa is engaged in the manufacture and commercialization of wood pulp and derivatives. Co. divides its activities into the following two business lines: Forest Division: Co. manages timberlands in South America and the Iberian Peninsula. Co. is involved in trading of wood, and supplies solid wood products including: plywood, sawn timber, parquet flooring and glued-edge paneling. Co. is involved in forest and environmental consulting. Pulp Division and Energy Production: Co. is engaged in the production of Eucalyptus globulus-based TCF and ECF paper pulp. Co. is also involved in the generation of electricity through biomass power producing plants.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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