Watson Farley & Williams (“WFW”) has advised the Infrastructure fund for Growth – ESG (“IPC Fund”) managed by Azimut Libera Impresa SGR S.p.A. (“Azimut”) on two investment agreements with Rienergy E.S.Co. S.r.l. and Helios S.p.A. for the acquisition of 51% majority stakes in the Bioenergy Serre and Bioenergy Albanella ’s share capital.
Bioenergy Serre and Bioenergy Albanella each owns a project to build an anaerobic digestion plant dedicated to the production of biomethane and high-quality compost. The plants will be located in in the municipalities of Serre and Albanella in Salerno province in the southern region of Campania.
The construction of the plants aims to improve and safeguard environmental protections, laying the foundations for the creation of a virtuous cycle of treatment of livestock manure, pursuing its valorisation through the production of biogas and new raw materials.
The two plants are designed to meet an annual production of approximately 54,000 tonnes of compost for each plant, for a total amount of 108,000 tonnes produced.
Azimut is one of Europe’s leading independent groups active since 1989 in the asset management sector. Its parent company, Azimut Holding, was listed on the Italian stock exchange on 7 July 2004 (AZM.MI) and is a member, among others, of the main Italian index FTSE MIB.
The WFW Italy Energy team that advised IPC Fund was led by Partner and WFW Italy Head Eugenio Tranchino and Counsel Luca Sfrecola, with the support of Associate Francesco Vanzaghi and Trainee Alice Zago.
Bioneregy were advised by Legance – Avvocati Associati, and Rienergy and Helios by Norton Rose Fulbright.