Banca Ifigest Completes First Investment in Italian Renewable Resources Fund

Soprarno SGR, the asset management company under Banca Ifigest, has finalized its first investment with the Italian Renewable Resources (IRR) fund. This inaugural investment, which aligns with the fund's commitment to sustainability and the energy transition, was utilized to increase capital in E-Shore, a company specializing in integrated energy services for electric mobility in Italy. This investment facilitated the acquisition of 100% of GASGAS Charging Community, an Italian company focused on the development and management of electric vehicle charging infrastructures. This move marks the culmination of efforts to establish UAU, an independent player in the electric mobility sector, which started a year ago with the merger of E-Shore and EnerMia. UAU now positions itself as a leading independent operator in Italy's electric vehicle charging infrastructure market, with over 5,000 public-access charging points. Beyond expanding these infrastructures, UAU aims to become a top-five player in the country by providing comprehensive services powered entirely by renewable energy. The fund, operating under EU Regulation 2088/2019 on sustainability, seeks to support SME growth in fast-expanding markets. IRR's strategic focus on sustainability and electric mobility offers considerable investment opportunities during this global automotive transition phase, as commented by Flavio Di Terlizzi, CIO of Soprarno SGR.