The acquisition of Ceie Power’s public lighting business branch by City Green Light follows a recent financing round securing approximately €200 million from a consortium of banks. This strategic move signifies a significant milestone for City Green Light, as it now achieves full territorial coverage in Italy, overseeing a portfolio of more than 960,000 lighting points.
On October 5th, City Green Light successfully concluded the acquisition agreement for Ceie Power’s public lighting business branch.
City Green Light is an established player in the field of public lighting, energy efficiency, and smart city services.
Ceie Power’s business branch encompasses the management of public lighting concessions serving 35 municipalities, with a total of around 60,000 lighting points, predominantly situated in the provinces of Teramo, Chieti, and L’Aquila.
City Green Light received financial advisory support from Vitale&Co and legal advisory support from Ashurst. Ceie Power was assisted by GDC Corporate & Tax for financial advisory, legal, and tax aspects of the transaction.