to-the-point: Italy's PLC to take control of local unit of Schmack Biogas

Biomethane plant in France by Schmack Biogas

August 28 (Renewables Now) - Italian electrical infrastructure installer PLC SpA (BIT:PLC) announced today it will take control of local biomethane supplier Schmack Biogas Srl.

PLC said in a statement that it has agreed to buy a 51% stake in the firm as part of its growth plan. The buyer seeks to establish itself as a reference in the international independent service providers (ISP) sector, with multi-technology expertise in renewable and decarbonised energy sources, it added.

The agreed transaction will bring additional business opportunities for Schmack in the biomethane markets in both Italy and abroad.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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