MPS Capital Services and UniCredit take over financing of Italian wind farm

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MPS Capital Services and UniCredit take over financing of Italian wind farm

MPS Capital Services and UniCredit have purchased minority stakes in the €60 million (US$66 million) financing granted to Daunia Ascoli S.r.l. as borrower by a syndicate of banks in relation to a 53.5 MW wind farm in Ascoli Satriano, Italy.

International law firm Watson Farley & Williams (WFW) advised MPS Capital Services and UniCredit on the purchase.

Following the financial transfer, WFW also advised MPS Capital Services and UniCredit, as mandated lead arrangers, and Iccrea BancaImpresa (the corporate bank of Credito Cooperativo), as participant, in the review of ancillary finance documentations, to align the contractual terms to the current market conditions.

L&B Partners Studio Legale Associato advised one of the sponsors, Tre & Partners S.p.A.

MPS Capital Services is the corporate and investment banking arm of MPS Group, Italy’s third largest banking group. UniCredit is a major Italian global banking and financial services company. Daunia Ascoli is an Italian company active in the generation, transmission, and distribution of electricity.

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