Falck Renewables’s founding family is exploring options for the Italian clean energy developer including a potential sale, people with knowledge of the matter said.
The Falck family, the company’s biggest shareholder, has been working with advisers to assess interest from potential buyers, the people said.
One possible scenario would see a new investor take the business private, with the family potentially keeping a minority stake, according to the people, who asked not to be identified because the information is private.
Shares of Falck Renewables have risen about 5% in Milan trading this year, giving it a market value of 2.2 billion euros ($2.5 billion).
Falck, a holding company for the family, owns about 60% of Falck Renewables, according to data compiled by Bloomberg.
Deliberations are ongoing, and there’s no certainty they will lead to a transaction, the people said.
A spokesperson for Falck Renewables declined to comment, while representatives for the family couldn’t immediately be reached. Falck SpA didn’t immediately respond to a request for comment.
Earlier this month, the Betaville blog reported rumors that the company was attracting takeover interest from unknown suitors.
Recommended for you
