Energia chief executive Ian Thom. The company's management team will continue to lead the business following completion. Photograph: Alan Betson
Energia Group’s owner, US investment firm I Squared, has agreed to sell the Irish power company to French private equity firm Ardian.
I Squared put the group on the market earlier this year with a reported estimated enterprise value of €2.75 billion, including net debt. Parties to the deal declined to comment on the value agreed in recent days.
The transaction is expected to be completed in the first quarter of n
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