Energy company ERG plans higher dividend, 1.2 bln euros in investment in 2026
May 15 (Reuters) -Italian energy company ERG ERG.MI on Wednesday published a new 2024-2026 business plan, under which it pledges to pay a dividend of up to 1.3 euros ($1.41) and invest up to 1.2 billion euros.
The group said it would define the dividend year by year, but guarantees a minimum value of one euro, the amount included in the previous plan.
ERG, which generates power mostly from wind and solar sources, will invest in countries where the group already operates, with a focus on the US
"Growth will be pursued through a strategy that we have called 'Value over Volume', an extremely selective approach in the choice of investments", Chief Executive Officer Paolo Luigi Merli said.
It expects core profits to reach 600-650 million euros in 2026.
($1 = 0.9202 euros)
Reporting by Alberto Chiumento. Editing by Jane Merriman
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