Innovatec S.p.A. (BIT:INC) signed a preliminary contract to acquire 51% stake in Gruppo Green Power S.p.A. (BIT:GGP) from Christian Barzazi and David Barzazi for €7.7 million on June 26, 2015. Christian Barzazi and David Barzazi will sell 25.5% of stake each in Gruppo Green Power. The deal is expected to close on July 31, 2015.

As of July 27, 2015, deal is expected to close within September 30, 2015. Raffaele Caldarone, Pietro Maria Tantalo, Lukas Plattner and Mario Giambò of Nctm and Manfredi Vianini Tolomei and Giovanni Filippo Pezzulo of Chiomenti acted as legal advisors for Innovatec.