REYL Intesa Sanpaolo's investment banking business line is acting as a financial adviser to Quercus Real Assets on an agreement with Gunvor Group for the development and financing of c.3GW of solar photovoltaic projects in Italy.

Quercus Real Assets is a UK-based renewable energy firm that specialises in Energy Transition projects. Quercus has completed more than 40 deals in the solar, wind, and biomass energy sectors since its founding in 2010.

Moreover, Quercus has formed a cooperation with Gunvor, one of the major international independent commodity trading firms, to design, build, and finance around c.3GW of solar PV projects in Italy.

This collaboration is evidence of Quercus' experience working on significant renewable energy projects throughout Europe. The transaction was advised financially by REYL Intesa Sanpaolo. It is pending regulatory approval and other closing requirements.

Mickael Gibault, head of M&A and ECM sdvisory at REYL Intesa Sanpaolo, stated: “We are delighted to advise Quercus on this transaction, which represents an important milestone in our relationship. This success contributes to the reinforcement of our Corporate Finance franchise in the energy transition.”

Xavier Ledru, head of corporate finance at REYL Intesa Sanpaolo, added: “This transaction further supports our strategy to grow our footprint in European renewable energy, a sector that is remarkably active.”

Furthermore, end of last month, REYL Intesa Sanpaolo acquired FINMA approval to execute its new governance structure.

In addition, Fran?ois Reyl joins the bank’s board of directors and chairs its strategic committee, and Pasha Bakhtiar, who is now a partner and member of the executive committee, will become the bank’s next CEO and chairman of the executive committee. The changes have taken effect on 1 July 2024.

"REYL Intesa Sanpaolo assists Quercus Real Assets" was originally created and published by Private Banker International, a GlobalData owned brand.

The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.