Hitachi Zosen Inova AG acquired a 85% stake in Schmack Biogas Srl from PLC S.p.A. (BIT:PLC), Massimo Rossetto and Nicolò Cariboni on March 7, 2024. Massimo Rossetto and Nicolò Cariboni will remain board members of Schmack Biogas. In particular, the operation involved the sale of the entire 51% stake by PLC, while the two minority shareholders, Massimo Rossetto and Nicolò Cariboni, sold part of their shares and will remain in the company's capital with shares minority for a total of 15%. Catia Tomasetti, Francesca Di Carpegna Brivio, Giovanna Zagaria, and Vittorio Pomarici of BonelliErede acted as legal advisor to Hitachi Zosen Inova, Luca Sfrecola of WFW Watson Farley & Williams acted as legal advisor to PLC and Pietro Orzalesi and Marco Lanzani of Ughi and Nunziante acted as legal advisor to Nicolò Cariboni and Massimo Rossetto.

Hitachi Zosen Inova AG completed the acquisition of a 85% stake in Schmack Biogas Srl from PLC S.p.A. (BIT:PLC), Massimo Rossetto and Nicolò Cariboni on March 7, 2024. CMC Capital LLP acted as financial advisor to PLC S.p.A.