Sunday, October 27, 2013

When the stock exchange becomes "environmental-friendly": GreenItaly1 hunting for "green stocks"

VedoGreen, the company of the IR Top Group, providing financial solutions for green companies, together with Idea Capital Funds SGR of Dea Capital/De Agostini Group, one of the most important independent Italian Private Equity operators, that manages a green economy specialized fund, and Matteo Carlotti, already among the promoters of the SPAC (Special Purpose Acquisition Company) named MadeinItaly1, promotes GreenItaly1, the first S.P.A.C. (Special Purpose Acquisition Company) specialized in Italian green companies. 

GreenItaly1, was founded with the purpose to invest in the green economy which is a very attattractive industry for investors thanks its strong technological innovation and high growth
rates, aims to collect €40 million through the listing on the AIM Italia-MAC managed by Italian stock exchange, London Stock Exchange Group, in order to succeed in a merger operation with a target company within 24 months from the listing. GreenItaly1, will be supported by Intermonte as Global Coordinator and Nominated Advisor. The firm focuses its research on Italian medium-sized companies, operating in Italy and abroad, which are active in one of the following segments of the green economy classified by VedoGreen as follows: Agribusiness, Ecobuilding, Ecomobility, Environmental Services, Green Chemistry, Lighting Solutions, Smart Energy, Waste Management, Water-Air and Noise Treatment, White Biotech.