Green light from the Board of Directors to acquire the remaining share capital of New Gas Trade Srl held by Intermonte Holding Sim

• Amount due of the transaction equal to Euro 49 thousand
• Planned significant synergies in the areas of energy management with offer “dual fuel” and smart energy

The Board of Directors of TerniEnergia, smart energy company active in the fields of renewable energy, energy efficiency, waste and energy management, listed on the Star segment of the Italian Stock Exchange and part of Italeaf Group, resolved today the acquisition of the remaining 15% of the share capital of the company New Gas Trade Srl (NGT), actually owned by Intermonte SIM Holding, a company regulated MiFID.

The sales price of the shares has been agreed between the parties to Euro 49 thousand and the payment by TerniEnergia will be in cash.

NGT is an Italian player of the natural gas and liquefied natural gas (LNG) market, as part of an integrated strategy on energy commodities. Thanks to the acquisition of NGT, TerniEnergia wants to seize the goal of completing the offer for energy management, through the market access of dual fuel offer for industrial customers, guaranteeing a real saving on the “cost component”, also thanks to the energy efficiency offer by the Group.