- Amount of the transaction equal to Euro 2.9 million
- Closing expected by March 2020, following the inclusion of the transaction in the Group’s Recovery and Relaunch Plan
TerniEnergia, a smart company listed on the Italian Stock Exchange’s electronic share market (MTA) and part of the Italeaf Group, announces that a preliminary contract was signed for the sale to Buttol Srl (the “Buyer”), a company operating in the high quality environmental services sector through a sustainable development path, of 100% of the shares of NewcoEnergy Srl, owner of the biodigestion and biomethane production plant under construction in Calimera (LE), of the land subject to the intervention and the related building and environmental authorizations.
The amount for the sale of the company shares is Euro 2.9 million, while the transaction provides for the payment by the Buyer of a deposit of Euro 50 thousand upon signing the preliminary contract and an additional down payment of Euro 0.3 million to be paid into a trust account on 20 January 2020.
The closing of the transaction, expected by the month of March 2020, is subject to the condition precedent of successful completion of the requirements for the inclusion of the transaction in the TerniEnergia Recovery and Relaunch Plan.
It should be noted that on 18 December 2019, as communicated on the same date, the Environmental Protection and Valorization Service of the Province of Lecce granted an extension of 20 months of the deadline for the effectiveness of the Executive Determination concerning the “Environmental Impact Assessment Procedure (V.I.A.)” for the Calimera (LE) biodigestion, composting and biomethane production plant.