Alternus Clean Energy, Inc. (ALCE): M&A transaction — Alternus sells Italian solar subsidiary MH02, cuts debt ~$22.6M, issues 10.66M shares

Alternus Clean Energy, Inc.

Sold entire share capital of MH02 (13 Italian solar subsidiaries) to OBN Real Estate (75.5%) and BVP Green Bond (24.5%).
Total consideration includes assumption of ~$19M debt, $17M parent guarantee forbearance, and repurchase rights at min €150k/MW.
Issued 10,660,000 shares of restricted common stock to the Minority Buyer (BVP Green Bond) as part of the transaction.
Company expects to remove ~$22.6M in debt/costs, improving shareholders' equity by approximately $14.4M.
Transaction closed on May 7, 2025; projects can be repurchased at fair market value once ready to build.

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 OBN Real Estate Limited and BVP Green Bond 2018 Limited (closed 2025-05-07).

Action: disposition
Counterparty: OBN Real Estate Limited and BVP Green Bond 2018 Limited
Closing: 2025-05-07

Exact text from the filing

On May 7, 2025, Alternus Clean Energy, Inc. (the “Company”) entered into a Share Purchase Agreement with its subsidiary, Alternus Europe Limited (the “Seller”), OBN Real Estate Limited (the “Majority Buyer”) and BVP Green Bond 2018 Limited (the “Minority Buyer”) (together the “Buyers”) for the sale of the entire issued share capital of AEG MH 02 Limited (“MH02”), including all of MH02’s subsidiaries:

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Alternus Clean Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-042329

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