An investment vehicle advised by JP Morgan has struck a deal to take control of Falck Renewables, in a move the wind and solar developer said would allow it to accelerate growth plans in the clean energy sector.
Infrastructure Investments Fund (IIF) reached an agreement to buy the 60% of Milan-listed Falck Renewables’ shares held by parent group Falck, the Italian family-owned industrial business that built the developer into a significant player in European green power.
