Prelios Group focuses on green economy in partnership with UniCredit and WWF, acquiring a 39% stake in Officinæ Verdi. The total transaction value is equal to €1.5 mln.
Officinæ Verdi is Italy’s leading operator in energy efficiency, with projects worth over €150 mln under development in the next three years. With the entry of the new partner operating in the real estate sector, OV reaches a market value of €3.85 mln, which tripled in slightly over 2 years.
OV closed 2014 with a positive result and with consolidated revenues equal to €7.9 mln, up 39% against 2013, following to the development a highly innovative business model characterized by premium technical-financial skills, based on green economy and aimed at medium-long term value creation, and to the stipulation of important strategic agreements with Conad and Telecom.
With the entry of Prelios with a 39% shareholding, UniCredit will hold 26%, WWF Foundation 8.2% and Solon, the industrial partner, 26.8%. Massimo Caputi joins as vice president beside the Chairman Paolo Fiorentino and the company CEO Giovanni Tordi.
“The goal is to focus on energy efficiency as strategic driver for the development of green economy on the Italian and European market, which, according to WWF last estimates, may generate at 2020, at European level, an annual turnover of 300 billion euro and 20 million jobs, about the equivalent value of the Juncker Plan for the relaunch of the European economy, stated Paolo Fiorentino, who holds the offices of Deputy General Manager of UniCredit and Chairman of Officinæ Verdi, Prelios entry in the company ownership structure with an important role will enable us to further speed up our development plans on the market”.
Source: Prelios Group