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Allen & Overy advises on Tender Offer by Ansaldo Energia

Ansaldo Energia S.p.A., a subsidiary of Cdp Equity S.p.A., which is a company active in the design and implementation of full-cycle solutions for energy production, launched a buyback offer relating to the bond issue named “€350,000,000 2.750 per cent. Notes due 31 May 2024” for a total amount of bonds up to EUR220 million.

The offer is part of the broader financial manoeuvre functional to the execution of the new 2023-2027 business plan approved by the company’s Board of Directors on 30 March 2023, which includes a capital increase in cash for a total of EUR580 million offered as an option to members.

Allen & Overy’s team assisting the financial institution dealer managers – BNP Paribas, Intesa Sanpaolo S.p.A. and UniCredit Bank AG – was led by partners Cristiano Tommasi and Craig Byrne, heads of the Italian International Capital Markets practice, together with counsel Alessandra Pala and supported by associate Alessandro Negri. Elia Ferdinando Clarizia, Tax counsel, assisted on the tax aspects of the deal.