Buttol Srl agreed to acquire 50% of stake in GreenAsm S.r.l. from algoWatt S.p.A. (BIT:ALW) on December 14, 2020. In related transaction algoWatt signed one more contract to sold GreenASM biodigestion and composting plant, located in Nera Montoro. The total consideration of the purchase transaction by Buttol amounts to Euro 3.9 million and the sale will provide for the deconsolidation of the debt for leasing of algoWatt for over Euro 7 million. The preliminary contracts regulate the acquisitions of full ownership of the anaerobic biodigestion and composting plant, also through the taking over of the leasing contract, and the sale of 50% of the shares of the JV GreenASM Srl between algoWatt SpA and ASM Terni SpA, which manages the plant. The closing will be subject to certain conditions precedent, including compliance with the terms and conditions set out in the Recovery and Relaunch Plan pursuant to Article 67 of algoWatt, the completion of due diligence by the buyer and the obtaining of the leasing company's authorisation to transfer the contract. The signing of the preliminary contracts, which provide for the payment of a deposit of 0.1 Euro to algoWatt and the deposit of 0.6 million Euro to a notary's public office, follows the presentation of a binding purchase offer by the Buttol Group at the end of a selective procedure managed by Molino Facchinelli Zerbini & Partners S.r.l., an independent advisor specialised in the renewable energy business. Execo Srl acted as technical advisor and Limatola Avvocati acted as legal advisor to Buttol Srl. Eversheds Sutherland Associazione Professionale acted as legal advisor to algoWatt.