Elle

FH S.p.A. sold its 50% share in Ellle S.r.l. to Snatt Real Estate, which already held the remaining 50% equity.

The first initiative, which was completed in 2010, was the construction of a photovoltaic system on the warehouses owned by Snatt Real Estate in Campegine (Reggio Emilia).
 The agreement included the provision of industrial warehouses owned by Snatt R.E. and the construction of a photovoltaic system of 2.25 MW capable of producing 2.8 million kWh per year. The energy produced will be almost entirely used directly by the company renting the property, in this case, Snatt Logistics S.p.A. (efficient consumption system).

ELLE is a joint venture founded in 2010 to expand and diversify the interests of the FH Group on the energy market.
Taking advantage of the various managerial and entrepreneurial skills of two solid realities operating in the energy and real estate sectors, Elle seeks to be a market player in energy production using photovoltaic systems.

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 operating in the industrial sector that has localized its investments predominantly in central and northern Italy. 

Through its group, Snatt Logistics is the Italian market leader in integrated logistics management, particularly in apparel, footwear, and accessories. The group consists of a pool of companies that synergistically create a complete range of services for production, management and handling of goods in their warehouses and on behalf of third parties. Some of its main clients are Polo Ralph Lauren, Inter Sport and Cisalfa.