Reuters logo
BRIEF-TerniEnergia finalizes acquisition of 88.2 pct stake in Wisave from Italeaf and Energy System
January 2, 2017 / 7:12 AM / 9 months ago

BRIEF-TerniEnergia finalizes acquisition of 88.2 pct stake in Wisave from Italeaf and Energy System

Jan 2(Reuters) - Italeaf SpA, TerniEnergia SpA :

* Said on Sunday that Italeaf and TerniEnergia finalized TerniEnergia’s acquisition of a 88.2 pct stake in Wisave Srl

* TerniEnergia bought 78.2 pct and 10 pct stakes from Italeaf and Energy System Srl, respectively

* Wisave is a company operating in the Internet of Things (IoT) sector

* The purchase price agreed for the 78.2 pct of the shares is about 0.62 million euros ($651,744.00)

* Energy System will remain the minority shareholder of Wisave with a stake of 11.8 pct after selling to TerniEnergia a 10 pct stake for 85,000 euros

* The purchase price will be paid by TerniEnergia to the two founders (Italeaf and Energy System) in cash in the course of 2017

Source text for Eikon:

Further company coverage:

$1 = 0.9513 euros Gdynia Newsroom

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below