TerniEnergia, smart company listed on MTA of Borsa Italiana and part of the Italeaf Group, following the press release issued on 23 July 2018 (to which reference should be made), announces that the deed of final disposal of a business unit relating to an energy efficiency project has been signed, following the fulfilment of the conditions precedent provided for in the agreement signed with Estra Clima Srl, a company of the Estra Group.
At the same time, a second branch of business, represented by a lighting energy efficiency project, carried out on behalf of a Tuscan municipality, was removed from the agreement because the municipal administration did not give formal consent to the transfer of the contract to Estra Clima Srl.
The branch of business transferred consists of a contract for energy efficiency lighting technology, with the formula FTT (third-party financing) type project financing, on behalf of a Tuscan municipal administration, concerning the replacement of traditional lighting points with new LED lighting points of the latest generation and the ordinary and extraordinary maintenance of the plant for 16 years.
The final consideration for the transaction is therefore approximately €0.7 million, gross of trade payables of approximately Euro 0.27 million and the value of some works to be carried out by Estra Clima for approximately Euro 0.17 million.
For TerniEnergia, the completion of the transaction represents a new, significant step in the recovery and relaunch plan approved by the Board of Directors on 25 October 2018.