A Macquarie-run infrastructure fund managing the Renvico wind farm portfolio in Italy and France has started a process to sell the company, which could be worth around €400 million ($630 million), four sources familiar with the matter said.
The fund, advised by Rothschild, had sent out teasers and information memoranda would follow at the end of the month, two of the sources said.
Renvico manages wind farms in Italy and France with a total capacity of around 334 megawatts.Credit:Bloomberg
Non-binding bids are expected by the end of May, one source said, but another said no time-frame had yet been set.
“The equity value of the deal is around €150 million,” a source said.