Voltalia: An acquisition that makes sense, despite being dilutive on margin

BUY, Fair Value EUR13 (+46%)

News published on June Tuesday 21, 2016
Share on

Voltalia stated yesterday that it is in advanced talks with Martifer in order to buy solar PV company Martifer Solar for an EV estimated at EUR49-50m. Through this strategic and complementary move, Voltalia is therefore set to accelerate the diversification of both its international footprint and its energy mix. We confirm our Buy rating with FV unchanged at EUR13/share.

For more information please contact marketing@bryangarnier.com

The Essentials

Everything you need to know about investment banking dedicated to growth
Recent Transactions Highlights
From M&A, to IPOs see what’s been happening at Bryan, Garnier & Co this year
Join our Team
Bryan, Garnier & Co is always looking for talent in all our divisions, at all levels
Explore our opportunities