Ascopiave Acquires Full Ownership of Asco Power
Deal News | May 22, 2025 | Legal Community Italy
The Italian company Ascopiave has completed the acquisition of a 9.8% stake in Asco Power from Luxembourg-based Fin-Energy. This transaction makes Ascopiave the sole shareholder of Asco Power, a company involved in the renewable energy sector. The selling firm, Fin-Energy, is part of Enitalia group and was advised by Morri Rossetti & Franzosi, a law firm team led by partners Stefano Morri and Roberta Incorvaia with assistance from Maria Paola Murdolo. The purchasing entity, Ascopiave, was counseled by BonelliErede, with a team directed by partner Francesco Casamassa and the legal internal affairs team led by Federica Stevanin. Ascopiave is a major player in the gas distribution sector in Italy and is listed on the Euronext Star segment. The acquisition reflects Ascopiave's strategic focus on the renewable energy market.
Sectors
- Renewable Energy
- Legal Services
- Natural Gas Distribution
Geography
- Italy – Ascopiave and Asco Power are Italian companies, and Fin-Energy operates within the Italian renewable sector.
- Luxembourg – Fin-Energy, the seller in the transaction, is based in Luxembourg.
Industry
- Renewable Energy – Asco Power and Fin-Energy are involved in the renewable energy sector, and the acquisition enhances Ascopiave's position in this industry.
- Legal Services – Law firms such as Morri Rossetti & Franzosi and BonelliErede provided legal advisory services crucial to the transaction.
- Natural Gas Distribution – Ascopiave is a significant player in the natural gas distribution sector in Italy, although this transaction focuses on expanding its renewable energy capabilities.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ascopiave | Acquirer | Company | A leading company in the natural gas distribution sector in Italy, also involved in renewable energy. |
| Fin-Energy | Seller | Company | A Luxembourg-based company involved in the renewable energy sector as part of Enitalia group. |
| Asco Power | Target | Company | A company active in the renewable energy sector and previously partly owned by Fin-Energy. |
| Morri Rossetti & Franzosi | Legal Advisor to Seller | Company | A law firm that provided legal services to Fin-Energy during the transaction. |
| BonelliErede | Legal Advisor to Acquirer | Company | Provided legal advisory services to Ascopiave during the acquisition. |