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Industria e Innovazione SpA Acquires Further 50% in Agri Energia Perolla Soc. Agricola Srl; Sells Entire 50% in Agri Energia Istia Soc. Agricola Srl


Friday, 15 Nov 2013 11:21am EST 

Industria e Innovazione SpA announced that it has finalized on November 15, 2013 with the Terrae Group the equal exchange of 50% stake held in Agri Energia Perolla Soc. Agricola Srl and Agri Energia Istia Soc. Agricola Srl. Following the exchange, Agri Energia Perolla is a wholly owned subsidiary of Industria e Innovazione SpA and Agri Energia Istia a wholly owned subsidiary of the Terrae Group. According to the agreement finalized, Industria e Innovazione SpA has acquired 50% in Agri Energia Perolla, reaching 100% stake and sold its entire 50% stake held in Agri Energia Istia to Terrae Group which to date reached a 100% stake. Both companies, Agri Energia Perolla and Agri Energia Istia, are owner of a 999kW anaerobic digestion plant. The price for the transactions have been set at EUR 1,311,000 per the 50% stake in Agri Energia Istia and EUR 523,000 for the 50% stake in Agri Energia Perolla. 

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28 Aug 2015