The transaction, reads a note, generated a positive impact on Enel Group Ebitda for 2023 of about 400 million euros (including remeasurement of the remaining stake at fair value), as well as an expected positive effect on consolidated net debt of about 350 million euros. This amount does not include about 400 million in deconsolidated net debt in 2022, as Egph had already been classified as 'held for sale'.

In July, when the agreement for the sale was signed, Enel had forecast a positive impact on 2023 Ebitda of about 390 million and on net debt of about 345 million.

In line with the July agreement, Egp received a total consideration of about 350 million, equivalent to an enterprise value, on a 100 percent basis, of about 980 million, the statement stressed.

At the closing of the deal, Egp and Macquarie Asset Management entered into a 'shareholder agreement' providing for joint control of Egph "in order to co-manage the company's current renewable generation portfolio and continue to develop its pipeline of projects, with further increase in installed capacity."

(Sabina Suzzi, editing Claudia Cristoferi)