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Croatia's Professio Energia acquires local peer Liburana from Dalekovod

Croatia's Professio Energia acquires local peer Liburana from Dalekovod First turbine at Perdekraal East wind farm. Image by: Mainstream Renewable Power (www.mainstreamrp.com)

ZAGREB (Croatia), October 18 (SeeNews) - Croatian renewable energy firm Professio Energia d.d. has taken over Zagreb-based sector-player Liburana d.o.o. from domestic power transmission equipment manufacturer Dalekovod [ZSE:DLKV], Professio Energia said on Thursday.

Through the acquisition, Professio Energia pursues its strategy for the development of more renewable energy projects in the country and the region, the company said in a filing to the Zagreb Stock Exchange (ZSE).

The financial details related to the takeover were not disclosed.

Liburana develops wind energy projects. Its portfolio has a combined installed capacity of 100 MW, according to the filing.

Professio Energia was owned by Dalekovod until January, when the power transmission equipment manufacturer sold it for 115 million kuna ($17.1 million/15.4 million euro).

The company is now owned by the trade unions, according to the statement.

(1 euro= 7.44402 kuna)

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