Alternus Clean Energy, Inc. (ALCE): M&A transaction — Alternus Clean Energy completes sale of Dutch solar project for €6.5M

Alternus Clean Energy, Inc.

Closed sale of Zonnepark Rilland B.V. to Theia Investment for approx €6.5M ($7M).
Proceeds from sale will be used to pay down the Solis Bond.
Transaction was in line with previously announced terms from November 2023.
EY acted as sole financial advisor to the company.
Sale was completed by wholly owned subsidiary Solis Bond Company DAC.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Alternus Clean Energy, Inc. completed a disposition involving Theia Investment (Netherlands) 1 B.V. for approximately €6.5 million (approximately $7 million) (closed 2024-02-21).

Action: disposition
Counterparty: Theia Investment (Netherlands) 1 B.V.
Consideration: approximately €6.5 million (approximately $7 million)
Closing: 2024-02-21

Exact text from the filing

in the Company’s Current Report on Form 8-K filed on January 16, 2024. In exchange, Theia paid to Solis a Purchase Price (as defined in the Rilland SPA) of approximately €6.5 million (approximately $7 million). The foregoing description of the Rilland SPA does not purport to be complete and is qualified in its entirety by reference to the complete text of the

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Alternus Clean Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-015815

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