The majority shareholder of Landi Renzo, GBD - Green by definition, and, to a limited extent, the GBD shareholders Girefin, Gireimm, and Itaca GAS, have signed an investment agreement with Invitalia – the National Agency for Development (acting as manager of the Business Protection Fund promoted by the Ministry of Enterprises and Made in Italy). The agreement provides for a capital increase of Landi Renzo up to a maximum of €45 million, with €20 million reserved for Invitalia and additional €20 million guaranteed by GBD. At the same time, Landi Renzo has signed amendments to the existing medium-to-long-term financing agreements with a pool of lending banks.
Our firm advised Landi Renzo on the matters related to the restructuring of financial debt, as well as the minority shareholder Itaca GAS in relation to the investment agreement with Invitalia. The team was led by partner Ugo Molinari and composed of partner Marco Laviano and associate Giuliano Decorato, for corporate matters, and partner Daniele Migliarucci and associate Cristina Cupolo, for finance matters.