(Alliance News) - AATech Spa has approved a capital increase of EUR2.8 million.

The board of directors also granted powers to CEO Alessandro Andreozzi to subscribe 5,958 class C3 shares of investee Termo Spa -- arising from the aucap -- for EUR200,010.00.

As a result of the aucap, the company will increase from 8,937 to 14,895 class C3 shares, which, together with the 91,762 ordinary shares already held, constitute a 15% stake in Termo's share capital.

Termo is a greentech company that positions itself as a leading partner for financial institutions and companies in the Home Energy & Sustainable Renovation sector, offering services in ESG, Tax Credit, and services focused on improving the energy performance of buildings.

AATech's stock is down 2.3 percent at EUR1.26 per share.

By Claudia Cavaliere, Alliance News reporter

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