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KREnergy SpA (KAIT.MI)

KAIT.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

KREnergy appoints Luciano Orsini as Chief Executive Officer
Friday, 5 Aug 2016 02:02am EDT 

KREnergy SpA :Said on Thursday it nominated Luciano Orsini, Chairman of the Board of Directors, as Chief Executive Officer (CEO).  Full Article

Krenergy H1 net loss narrows to 0.4 million euros
Wednesday, 3 Aug 2016 11:05am EDT 

Krenergy Spa : H1 net revenue 4.4 million euros ($4.92 million) versus 3.5 million euros year ago .H1 net loss 0.4 million euros versus loss 0.6 million euros year ago.  Full Article

KREnergy unit acquires Rotalenergia
Wednesday, 6 Jul 2016 11:15am EDT 

KREnergy Spa :Says its unit KRE IDRO Srl acquired 100 pct stake in Rotalenergia Srl.  Full Article

Krenergy chairman Serge Umansky resigns
Thursday, 16 Jun 2016 09:09am EDT 

Krenergy SpA : Chairman of the board Serge Umansky resigns .The majority of the board of directors' members resign.  Full Article

Rise Equity acquires 22.1 pct of shares in KREnergy
Thursday, 9 Jun 2016 06:21am EDT 

KREnergy SpA : Rise Equity SpA acquires 22.1 percent of shares in KREnergy from Whiteridge Investment Funds SPC .Rise Equity SpA becomes main shareholder of KREnergy.  Full Article

Deadline to sign contract for acquisition of Rotalenergia by KREnergy unit postponed to June 30
Wednesday, 1 Jun 2016 11:53am EDT 

Krenergy SpA : Deadline to sign contract for acquisition of 100 percent of Rotalenergia Srl by unit KRE Idro postponed to June 30 . Contract deadline refers to the signing of the notarial act for the transfer of the stake .Unit KRE Idro signed a preliminary agreement for the acquisition of Rotalenergia on Feb. 29 [nFWN168058].  Full Article

KREnergy SpA redefines agreement with ERVA unit
Wednesday, 6 Apr 2016 05:10pm EDT 

KREnergy SpA:ERVA Energia Rinnovabile Valtellinese Srl (ERVA) on behalf of its unit BBE Srl (BBE) redefined the agreement signed with KREnergy unit Italidro Srl (Italidro) on Feb. 23.New agreement envisages that Italidro has until Dec. 31, 2017 the preemptive right for free on the acquisition of one or more projects owned by BBE.Contract signed on Feb. 23 has been terminated with the commitment to return the consideration of 900,000 euros.  Full Article

KREnergy SpA unit signs prelim. agreement to buy 100 pct of Rotalenergia
Sunday, 28 Feb 2016 07:00pm EST 

KREnergy SpA:Unit KRE IDRO Srl signs preliminary agreement to acquire 100 percent of share capital of Rotalenergia Srl.Rotalenergia Srl is the owner of hydroelectric power plant "Rocchetta" of maximum power of 1,620 kW‍​‍​ in the province of Trento.Total transaction value is about 11.5 million euros.Acquisition to be made through bank loan‍​.  Full Article

KREnergy SpA to buy power plant in Bergamo with option for three further power plants
Tuesday, 23 Feb 2016 12:42pm EST 

KREnergy SpA:Its wholly owned unit Italidro Srl signed an agreement with ERVA Energia Rinnovabile Valtellinese Srl (ERVA).In the agreement, ERVA commits to selling the business unit of a hydroelectric plant in Bergamo from BBE Srl, of which ERVA is acquiring full control.Italidro paid ERVA 900,000 euros ($990,900) for the commitment.The hydroelectric plant in Bergamo will be built according to the project Progetto Ponte San Pietro (Ramo PSP).If Progetto Ponte San Pietro becomes operational by Dec. 7, 2016, it will benefit from a comprehensive tariff of 0.219 euro/kWh for 20 years.The price for the following acquisition of Ramo PSP will be 2.1 million euros on a "debt-free" basis, on the premise that the plant will become operational and benefit of the comprehensive tariff.ERVA also committed to make BBE sign another agreement that envisages a free option to buy three further hydroelectric plants.The acquisition price for each of the three power plants will be up to 3 million euros.  Full Article

KREnergy units Italidro and Idroelettrica to merge by incorporation
Monday, 15 Jun 2015 12:25pm EDT 

KREnergy SpA:K.R.Energy unit Idroelettrica Tosco Emiliana Srl to incorporate unit Italidro Srl.  Full Article

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