The company CVA EOS S.r.l. (the ‘Purchaser’), a single-member company wholly owned by the company Compagnia Valdostana delle Acque S.p.A. - in short CVA S.p.A., signed a preliminary sale and purchase agreement relating to the purchase of a controlling shareholding, representing 60% of the share capital, of the company SUNNERG GROUP S.r.l.

The completion of the sale and purchase agreement is subject to the occurrence of certain conditions precedent and the completion, in the period between the signing date and the execution date, of a series of fulfilments by the Sellers, mainly aimed at delimiting the perimeter of the acquisition.

The sale and purchase agreement also provides for the signing, on the execution date, of a shareholders' agreement between the Purchaser and the Sellers, concerning, among other things, corporate governance rules, limitations on the circulation of corporate shareholdings and cross purchase/sale options, with the aim of ensuring stability in corporate governance and structure.

SUNNERG GROUP S.r.l. is the parent company of a group of companies active since 2018 in the performance of engineering, procurement and construction (‘EPC’) activities of power generation plants from renewable sources, operating as a general contractor and service provider specialising in the design and construction of turnkey projects in the B2B renewable energy market.

In the transaction, the CVA group was assisted by PwC as strategic, financial and tax advisor, the law firm Fieldfisher Italy STA as legal advisor, and Fichtner Italia S.r.l. as technical advisor.