Plenitude finalizes acquisition of Tate, aided by Greenberg Traurig Santa Maria

In a significant development within the energy sector, Plenitude, a company controlled by the Italian energy giant Eni, has successfully increased its stake in Tate to 100% through the acquisition of the remaining 64% equity. Prior to this acquisition, Plenitude held approximately a 36% stake in Tate. Tate is noted for its innovative services in energy sales development. This transaction marked a significant step for Plenitude in consolidating its position in the energy sales market. The legal aspects of the transaction were managed by Greenberg Traurig Santa Maria, with Partner Carlo Scaglioni and his team leading the advisory process. The selling shareholders of Tate were represented by the law firm Bl. Additionally, Plenitude's in-house legal M&A team, from Eni, was instrumental in this deal, coordinating the internal legal efforts with Claudio Segna, Elisa Tedeschi, and Marco La Croix overseeing these activities.