TerniEnergia SpA (BIT:TER) agreed to acquire Greenled Industry SPA from Italeaf S.p.A., Royal Club Srl and others for €3.2 million on November 27, 2015. The transaction has been approved by the Board Of Directors of Greenled Industry and TerniEnergia and from committee for transactions with related parties. TerniEnergia SpA will issue 2.1 million shares to the shareholders of Greenled Industry as a consideration. As of December 28, 2015, shareholders of TerniEnergia approved the transaction. Mangold Fondkommission AB (OM:MANG) acted as a financial advisor to Italeaf S.p.A. Marco Nicolini, Andrea Piermartini Rosi and Marco Zechini of Orrick acted as legal advisors for TerniEnergia.

TerniEnergia SpA (BIT:TER) completed the acquisition of Greenled Industry SPA from Italeaf S.p.A., Royal Club Srl and others on January 3, 2016.