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- Radiomarelli SA and Futurum Energy SA Enter into Multiple Transactions with Prime Acquisition Corp.
Radiomarelli SA and Futurum Energy SA Enter into Multiple Transactions with Prime Acquisition Corp.
On August 30, 2013, our client Radiomarelli SA signed a Securities Purchase Agreement for the acquisition of approximately 14.3 million ordinary shares of common stock in Prime Acquisition Corp. at a price of $9.10 per share, for an aggregate purchase price of $130,000,000, subject to certain closing conditions. In a related transaction, Radiomarelli SA and its affiliate Futurum Energy SA agreed to sell to Prime Acquisition Corp., subject to certain closing conditions, minority interests in several special-purpose entities that are developing photovoltaic plants in Romania and 100% interests in the “green certificates” that the Romanian government is expected to issue to those entities upon completion of the plants. The aggregate purchase price for the minority interests and green certificates is approximately $380,000,000, payable in Prime Acquisition Corp. stock.
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