Ste Energy Acquired in Strategic Terna Energy Solutions Deal
Deal News | Mar 19, 2025 | Legal Community Italy
Terna Energy Solutions and its subsidiary Altenia have executed a preliminary agreement to acquire the entire share capital of Ste Energy, a company specializing in the design, construction, and maintenance of renewable energy plants and electrical infrastructures. Legal counsel for Terna Energy Solutions and Altenia was provided by Legance, with their team led by partner Simone Ambrogi. The deal is part of a broader reorganization strategy for Terna's unregulated activities within competitive markets. The agreement, signed on Wednesday, March 5th, is contingent upon the fulfillment of certain conditions, including Antitrust Authority authorization. Bassilana e associati assisted Ste Energy in this transaction, with their team led by partners Paolo Bassilana and others.
Sectors
- Renewable Energy
- Legal Services
- Utilities
Geography
- Italy – The transaction and all involved companies, including Terna Energy Solutions, Altenia, and Ste Energy, are based in Italy, as indicated by the involvement of Italian legal firms Legance and Bassilana e associati.
Industry
- Renewable Energy – The acquisition involves Ste Energy, a company active in the renewable energy sector, specifically in the design, construction, and maintenance of renewable energy plants.
- Legal Services – Legance and Bassilana e associati, both law firms, played crucial roles in advising the parties involved in the acquisition process.
- Utilities – Terna Energy Solutions is a part of Terna Group, a significant player in the electrical infrastructure and utility sector.
Financials
- Not disclosed – The financial terms of the acquisition deal have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ste Energy | Target Company | Company | A company engaged in the design, construction, and maintenance of renewable energy plants and electrical infrastructures. |
| Terna Energy Solutions | Bidding Company | Company | A subsidiary of Terna Group, involved in the acquisition of Ste Energy as part of a strategic reorganization. |
| Altenia | Subsidiary | Company | A subsidiary within the Terna Group, involved in the acquisition process alongside Terna Energy Solutions. |
| Legance | Legal Advisor for Terna Energy Solutions | Company | An Italian law firm providing legal assistance to Terna Energy Solutions and Altenia. |
| Bassilana e associati | Legal Advisor for Ste Energy | Company | An Italian law firm advising Ste Energy on the transaction. |
| Simone Ambrogi | Lead Partner at Legance | People | The partner at Legance leading the legal advisory team for Terna Energy Solutions. |
| Paolo Bassilana | Lead Partner for Ste Energy | People | The partner at Bassilana e associati leading the advisory team for Ste Energy. |