F.H. sold Elle to Snatt Real Estate
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- Category: News
- Last Updated on Friday, 31 May 2013 11:29
Reggio Emilia, may 30th, 2013
FH S.p.A. sold its 50% share in Ellle S.r.l. to Snatt Real Estate, which already held the remaining 50% equity.
Born in 2010 with the aim of increasing and diversifying the stakes of FH Group in the energy industry, the joint venture has exploited the different managerial and business competencies belonging to two well-established entities, operating in the energy and real estate industry respectvely, to bring the plant to completion.
The photovoltaic system, now working at full capacity, is located on the top of Snatt Real Estate’s buildings in Campegine (Reggio Emilia) and the energy produced is entirely used by Snatt Logistica S.p.A. Now the investment abandons FH Group and moves to Snatt Real Estate. FH had an active part in the completion of the project and now through the disinvestment is able to discount the earnings and monetize the undertaken investment.
Snatt Real Estate is a real estate company that runs its business in the industrial sectors and has invested mainly in North and Central Italy.
Snatt Logistica, with all its group, is leader in the Italian integrated logistics, in particular applied to the Clothing, Footwear and Accessories sectors. The group is composed by a pool of companies that cooperate and interact to realize a complete service of production, storage and movement of goods to warehouse both on its own and on behalf of a third party. Among the main clients we mention Polo Ralph Lauren, Inter Sport and Cisalfa.
