Osborne Clarke, Hogan Lovells and Studio Totaro in the acquisition of Revere Energia S.r.l

The company, sold to Tea S.p.A. by a group of three companies, holds the authorisation for the construction of plant producing biomethane from OFMSW, currently under construction in the borough of Borgo Mantovano, Mantua.

Osborne Clarke and Hogan Lovells advised respectively the buyer Tea S.p.A and the sellers Hergo Biomethane Italia S.r.l., controlled by Infrastrutture S.p.A., Trusendi Libero Costruzioni S.r.l. and Società Agricola Le Sacche di Goldoni & C in the acquisition, by Tea S.p.A., of Revere Energia S.r.l..

Following several years of development, the company now holds an authorisation for the construction of a plant for the production of biomethane from OFMSW (Organic Fraction of Municipal Solid Waste), which is currently under construction in the borough of Borgo Mantovano, Mantua.

Revere Energia’s innovative plant will process 36,000 tonnes per year of organic waste and will produce 360 Sm³/h of biomethane for autotraction, to be fed into the national gas network, for a total of over 3 mln Sm³/a of advanced biomethane.

The buyer, Tea S.p.A., was advised by Osborne Clarke with a team led by partner Giovanni Penzo, with senior associate Carlo Gioffrè and lawyer Davide Alesso. Hogan Lovells acted as legal advisor to the three sellers,  together with Studio Totaro.

Giovanni Penzo, Osborne Clarke partner: "Osborne Clarke has a solid experience in advising on extraordinary finance and commercial transactions in the Energy & Utilities sector, and in particular in the area of Waste to Energy. The future lies in clean energy and, as a firm, we are proud to work alongside out clients who are investing in this area.”