Squire Patton Boggs, with a team led by partner Paolo Zamberletti and including senior associate Juancarlos Pirani, associate Alessandro Morleo, and associate Gianluca Valietti, has assisted key client Edison in the sale to Helleniq Energy Holdings S.A. of 50% stake in Elpedison B.V., a Dutch company that owns 100% of Elpedison S.A., a leading company in the production and sale of electricity in Greece. Over the past year the team advised Edison on all legal aspects concerning the deal, including structuring, negotiation, and execution of the transaction documents.
The deal closing, which took place on July 15, 2025, follows the signing of the sale and purchase agreement, dated April 11, 2025 and prepared in line with the Term Sheet agreed upon by the parties, based on which Edison’s Board of Directors approved the transaction, confirming the decision to end the 50/50 joint venture in Elpedison after more than 15 years of joint operations.
The current value of the transaction is consistent with the previously announced valuation and amounts to approximately €200 million for 50% of the equity (approximately €540 million for 100% of the Enterprise Value).
This transaction underscores Milan team’s proven capability in assisting clients with complex cross-border M&A operations in the energy sector, offering commercially focused, strategic advice across multiple jurisdictions. The Firm continues to be a trusted legal advisor to leading energy companies navigating critical business transformations in dynamic markets.