Avocom – associated professional firms, now in association with Arkios Legal, with the founder and managing partner Francesco del Bene (in the photo), is assisting Itp Group, in financial partnership with the investment company Citic Holding If Group, in the negotiations with the Egyptian Petrochemicals Holding Company (Echem), for the supply of 1 million tons of ethane gas in four years, destined to feed the Ethytdco and Sidpec ethylene crackers in the industrial area of Alessandria. The total transaction value is $ 600 million. The Itp group was founded by Eng. Manfredi Mazziotti di Celso in 2001 and has steadily and rapidly developed from 2001 to today in Egypt, the United States, Europe, Russia, Italy and various Middle Eastern countries thanks to projects and contracts for over 200 million that have led to a turnover of 70 million in 2011-2012 until the listing on the NYSE in 2011. The closing of the transaction is scheduled for next December 9th.
