An unknown buyer signed a preliminary sale agreement to acquire Gea Energy S.R.L. from Agatos S.p.A. (BIT:AGA) for 0.001 million on August 11, 2021. In a related transaction, Agatos Spa announced he sale, for 1.6 million, of part of the receivables claimed by Agatos from GEA, with the simultaneous waiver of further receivables for a net amount equal to approximately 1.5 millions. For the year ended on June 30, 2021, Gea Energy S.R.L. reported sales of 2.3 million. The transaction is subject to the waiver of change of control that GEA will request from the lending bank and which is expected to be obtained shortly. The transfer of shares and credits will take place at the same time as the payment of the agreed fees. The proceeds will be used to re-invest in the core business of the group, to concentrate all its resources in the execution of the plan, to improve the group's NFP and to definitively exit the small wind business inherited from TE Wind during the reverse take over.
An unknown buyer completed the acquisition of Gea Energy S.R.L. from Agatos S.p.A. (BIT:AGA) on September 20, 2021. The lawyer Antonio Marco d'Alesio provided legal assistance to Gea Energy srl and the lawyer Giuseppe Chiaia Noya provided legal assistance to the buyer.