Italy's ERG buys 80% stake in GDF Suez unit for $1.12B

12/6/2012 | (tiered subscription model)

Italy's ERG has agreed to acquire an 80% interest in GDF Suez unit IP Maestrale for $1.11 billion, which would make it the biggest producer of wind power in Italy. The deal also gives ERG the option to purchase the remaining shares in the company. IP Maestrale has 636 megawatts of installed wind power capacity, mostly in Italy.

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