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TerniEnergia SpA Approves Sale of 70% Stake in Greenled Srl to TERNI Research SpA


Tuesday, 25 Jun 2013 07:35am EDT 

TerniEnergia SpA announced that the Board of Directors of the Company have approved the transfer of the stake held in Greenled Srl to TERNI Research SpA. The stake to be transferred represents a 70% stake in TERNI Research SpA, and the corresponding value is equal to EUR 0.53 million. TERNI Research SpA operates in the development and production of an intelligent LED lamp certified to work in particularly elevated temperatures or in urban areas exposed to weather. The remaining 30% stake in the company is held by T.S.I. Srl.