Deals
Terra Firma Completes Europe’s Most Expensive Solar Acquisition
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Terra Firma Capital Partners Ltd., a U.K. private equity firm, purchased Rete Rinnovabile Srl for 641 million euros ($909.8 million), the most expensive acquisition of a solar company in Europe.
Rete was a unit of Italy’s national power-grid operator Terna SpA, which received net proceeds of 204 million euros from the sale, it said today in a statement. Rete Rinnovabile owns 62 solar photovoltaic plants in 11 regions in Italy.