ITALY - Ambienta reaches final close at EUR 218m

Intesa Sanpaolo - committing EUR 40m - is among the 20, mostly Italian, financial institutions contributing to the fund, which also includes seven insurance companies and five pension funds. Among the international investors are the Macquarie Clean Technology Fund I environmental fund-of-funds and Doughty Hanson.

In 2008, Ambienta I invested in Italiana Pellets and ICQ Holding, committing around 15% of the fund's available capital to these first two transactions. The fund has a majority interest in Italiana Pellets, leader in the production of solid fuel from biomasses. In ICQ Holding, an important Italian player active in the development, construction and management of plants for the production of energy from renewable sources, Ambienta holds a minority stake.

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