Macquarie Asset Management has reached an agreement to sell Macquarie European Infrastructure Fund 4’s 40% stake in Hydro Dolomiti Energia (HDE) to a consortium comprised of Equitix Euro Funds, Tages Capital SGR S.p.A., and La Finanziaria Trentina S.p.A. together with local industrial co-investors and institutions (the Consortium).

HDE operates 29 hydropower plants in Trento, Italy, with a total installed capacity of 1.3 GW. These plants generate enough electricity to power approximately one million homes annually. Macquarie European Infrastructure Fund 4 invested in HDE in 2016. Partnering with Dolomiti Energia Group, Macquarie Asset Management has helped enhance asset conditions, create local jobs, and develop expertise, aligning with HDE's long-term strategic goals. As a long-term investor in Italian infrastructure, Macquarie also supports Italy's motorway system through Autostrade per l’Italia and invests in digital infrastructure via Open Fiber. The transaction values HDE at around EUR 1 billion (US$ 1.06 billion) and is expected to close financially by Q4 2024.