The Moratti family, represented by Massimo Moratti S.a.p.A. di Massimo Moratti, Angel Capital Management S.p.A. ("ACM"), and Stella Holding S.p.A., has entered into a sale and purchase agreement (SPA) with Vitol B.V. for the sale of approximately 35% of Saras S.p.A.'s corporate capital. The transaction, valued at €1.75 per share, includes potential additional shares under ACM's funded collar.
Saras is a leading industrial and energy company in Italy, with assets including a major refinery and power generation plant.
Vitol aims to invest in Saras to strengthen European energy security and enhance supply.
Saras is a leading industrial and energy company based in Italy, with assets including a major refinery, power generation plant, and renewable energy portfolio.
Vitol B.V. is a Netherlands-based company with a long history of investing in energy infrastructure globally, with interests in refining, power generation, and renewable energy.