(Alliance News) - Ecomembrane Spa announced Thursday the finalization of the sale of its shares held in Alvus Srl and Favus Srl to VORN Bioenergy GmbH.

The company also announced that it has reached an agreement with VORN to establish the framework conditions for the supply of components and the installation of at least six biomethane plants that VORN-or its affiliates-will develop and build in Italy during the contract period until Dec. 31, 2027.

Ecomembrane's stock closed Thursday up 0.7 percent at EUR8.30 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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