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. In a related transaction, SEL GmbH Srl made a binding offer to acquire 60% stake in Energogreen Srl from Fintel Energia Group SpA (BIT:FTL) for €6 million on May 6, 2013. The binding offer was signed subject to the outcome of technical/administrative, fiscal and corporate due diligence.

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. As of July 12, 2013, SEL GmbH Srl signed a preliminary agreement for the acquisition. Upon completion of the transaction, Fintel Energia Group will own 40% of both the companies.