WFW Advises PLC on Sale of Schmack Majority Stake to HZI
Source: www.gulfoilandgas.com 3/12/2024, Location: Europe
Watson Farley & Williams (“WFW”) has advised market leading Italian electric and renewable energy developer PLC S.p.A. (“PLC”) on the sale of its 51% majority stake in Schmack Biogas S.r.l. (“Schmack”) to Hitachi Zosen Inova AG (“HZI”).
With this divestment, PLC exits the biogas/biomethane market to refocus on core business of developing, building and operating electric infrastructure and PV and onshore wind plants in Italy. Schmack is a pioneer biogas and biomethane plant developer and operator in which two of PLC’s minority shareholders retain a reduced joint 15% stake going forward.
Zurich-based Hitachi Zosen Inova AG is one of the world’s leading developers of large-scale waste-to-energy plants and renewable energy and biogas production systems.
The WFW Italy Energy team that advised PLC was led by Partner Luca Sfrecola, assisted by Associate Francesco Vanzaghi and Trainee Alice Zago.
HZI was advised by BonelliErede. With Ughi e Nunziante acting for PLC’s minority shareholders.
Finland >> 11/14/2024 - Cargotec Corporation (“Cargotec”) has signed an agreement to sell its MacGregor business area (“MacGregor”) to funds managed by Triton (“Triton”), for...
United States >> 11/13/2024 - Cashco, a provider of highly-engineered pressure management solutions such as regulators, control valves, and tank safety equipment, today announced t...
United States >> 11/13/2024 - Verdantas, a leading consulting firm providing technical and digitally enabled solutions for sustainable outcomes across the environment, water, and e...
Canada >> 11/12/2024 - Russel Metals Inc. (TSX: RUS) announces that it has entered into an agreement to acquire Tampa Bay Steel Corporation ("Tampa Bay Steel") for US$79.5 m...
France >> 11/12/2024 - -Bureau Veritas, a global leader in Testing, Inspection, and Certification services, today announced the acquisition of Versatec Energy B.V., an indep...
Germany >> 11/12/2024 - On Friday 1 November the acquisition of K2 Management by Ramboll has been formally closed. This much-awaited milestone allows both teams to come close...