ABO Energy has reached an agreement to sell its subsidiaries in Poland and Hungary to Public Power Corporation (PPC), a Greek electric power group.
The deal includes all 38 ABO Energy employees in both countries, a development pipeline of around 2GW, and five operating solar parks with a combined capacity of 82MW. It also covers a 17MW solar farm that is nearing completion.
Financial details regarding the transaction are undisclosed.
PPC, described as an integrated utility group in south-east Europe, will acquire the two subsidiaries following the necessary regulatory approvals.
The companies expect the transaction to close by the end of the year.
#subsidiaries #transaction #Poland
The deal includes all 38 ABO Energy employees in both countries, a development pipeline of around 2GW, and five operating solar parks with a combined capacity of 82MW. It also covers a 17MW solar farm that is nearing completion.
Financial details regarding the transaction are undisclosed.
PPC, described as an integrated utility group in south-east Europe, will acquire the two subsidiaries following the necessary regulatory approvals.
The companies expect the transaction to close by the end of the year.
#subsidiaries #transaction #Poland
3 months ago
