TerniEnergia, a company active in the fields of renewable energy and a part of Italeaf Group, said it has has signed an agreement with La Mercantile Srl La Spezia for the acquisition of 85% of the share capital of New Gas Trade, Italian player on the natural gas and liquefied natural gas market.
The sales price of the shares has been agreed between the parties to Euro 150,000 paid in cash by TierniEnergia, according to the company’s statement.
Through the acquisition of NGT, TerniEnergia enters in the market of natural gas and liquefied natural gas, following the target of promoting the external growth of the group through acquisitions, it added.
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Image: TerniEnergia