Fintel Energia Group S.p.A. signed a binding agreement to acquire 60% stake in 5 MW Ground-Mounted Photovoltaic System in Macerata from Alperia Greenpower Srl for approximately €1.6 million on May 21, 2020. Under the terms, The stake was sold for around €1.6 million, including the shareholder loan from Alperia Greenpower S.r.l. This amount, to be paid over the years from 2020 to 2024, will be adjusted on the basis of the balance of receivables and payables. The transaction is expected to be finalized with notarial deeds signed by the end 2020. Piero Vigano, Giuliano Proietto and Ernesto Rossi Scarpa Gregorj of Gitti And Partners Studio Legale Associato acted as legal advisor to Alperia Greenpower Srl.