SEL GmbH Srl made a binding offer to acquire 60% stake in Energogreen Srl from Fintel Energia Group SpA (BIT:FTL) for €0.6 million on May 6, 2013. SEL GmbH Srl will pay €3.2 million in cash and transfer by Fintel to Sel of the 60%, equal to €2.8 million of the shareholder's loan that Fintel had granted to Energogreen for the coverage of expenses of planning and realization of the Monte San Giusto facility. In a related transaction, SEL GmbH Srl made a binding offer to acquire 60% stake in Molinetto Srl from Fintel Energia Group SpA (BIT:FTL) for €0.44 million on May 6, 2013. The payment of the consideration will be made on the date of closing to be carried out within 15 working days from the fulfillment of the last condition precedent which include the renunciation by Unicredit Spa Leasing to the clause of the leasing agreement that attributes to same one the withdrawal right upon sale of the control of Energogreen. Upon completion of the transaction, Fintel Energia Group will own the 40% of both the companies. SEL GmbH Srl made a preliminary contract to acquire 60% stake in Energogreen Srl from Fintel Energia Group SpA (BIT:FTL) on July 12, 2013. Oreste Antongirolami acted as legal advisor to Fintel Energia Group SpA. Piero Viganò, Mariano Casazza, Paola Mocci of Osborne Clarke acted as legal advisors to Sel srl.

SEL GmbH Srl completed the acquisition of a 60% stake in Energogreen Srl from Fintel Energia Group SpA (BIT:FTL) on November 20, 2013.