Transferred the 50% of Purify Srl to A.T.P. Srl

• The agreement with Appalti Tecnologie Progettazione Ambienti & Costruzioni (A.T.P.) has foreseen the acquisition by the engineering company of 50% of the share capital of the SPV recently established by TerniEnergia, through the contribution of the business branch of the groundwater and liquid waste treatment
• The transaction has foreseen a consideration for the transfer of Euro 3,425 million, which will be settled in two tranches: by July 2017 for Euro 1.48 million and by July 2019 for Euro 1.94 million

TerniEnergia, a company listed on the Star segment of Borsa Italiana, has signed an agreement with Appalti Tecnologie Progettazione Ambienti & Costruzioni Srl (A.T.P.), based in Rome, for the transfer of 50% of the shares held by TerniEnergia in Purify Srl, owner of groundwater and liquid waste treatment plants.

The transaction has foreseen a consideration for the transfer of Euro 3,425 million, which will be settled in two tranches: by July 2017 for Euro 1.48 million and by June 30, 2019 for Euro 1.94 million.

The signed agreement provides for the pledge in favor of TerniEnergia on the shares of Purify Srl acquired by A.T.P., to guarantee the payment of the agreed price.

The transfer of the SPV Purify’s shares was subject to a decision on the failure to subscribe to certain ancillary agreements (with ATP and Saceccav, as a contractor for the construction of a liquid waste treatment plant) by last July 15, 2017. The non-fulfillment of this condition has produced the effect of definitively confirm the assignment.

The establishment of Purify Srl and the transfer of 50% of the same SPV to a technology partner as A.T.P. Srl, a company with a consistent track record in the design and construction of water treatment plants, will allow to conclude within the first months of 2018 the construction of the liquid waste treatment plant in Nera Montoro (TR) for a total capacity Of 58,000 cubic meters per year, and to start production phase.

“The transaction responds to the TerniEnergia Group’s environmental strategy – stated the CEO of TerniEnergia, eng. Piero Manzoni – which aims to strengthen the industrial management of marginal resource recovery plants, including the strengthening of partnerships and alliances with international investors in the green sector and circular economy sectors”.

“The involvement in the construction and in the next phase of managing of a complex and articulated plant like that of Nera Montoro – said the CEO of A.T.P., eng. Pierluigi Ruopoli – represents, for A.T.P. a relevant opportunity, especially in the valorization and refinement of our skills”.