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PRAMAC: JOINT VENTURE WITH RENOVA FOR THE RUSSIAN MARKET

(ASCA) – Florence, 2 Aug – Pramac, active in society

production and marketing of global groups

production of electricity and the new line of wind turbines

named “revolutionair”, concluded a joint agreement

Venture with the technological Systems Ltd., a company

part of the multinational Renova Group Russian, active

in the fields of energy, telecommunications,

the raw materials and in various other sectors. The agreement is its

to Pramac RUS – Ltd., a corporation controlled by the Russian law

PRAMAC, aims to increase the capacity

distribution of Pramac RUS – Ltd. of energy generators

standard and equipment for the handling and

lifting.

This agreement, explains in a note the Sienese, it

part of the overall cooperation strategy which

involves the Pramac group, and the Group began to Renova

March 2011.

The agreement provides for the adoption of a joint venture

three-year plan for Pramac RUS – Ltd, Director

an agreement on the governance of Pramac RUS – Ltd.

the composition of the Board of Directors of

the same company. Each party will be entitled to

terminate if, within six months of the date of

subscription, the two groups do not agree on a

In addition to the joint venture for the production

in the Russia gas generators.

PRAMAC: SIGLA JOINT VENTURE ADVANCED TECHNOLOGY SYSTEMS (RENOVA) CON

(ASCA) – Rome, Aug 2 – Pramac concluded a joint agreement

Venture with advanced technology systems, the Group

the multinational Russian Renova.

The joint-venture, according to the company, “arises

the purpose of developing the capacity of distribution of Pramac

RUS – Ltd. generators of energy and the standard

for handling and lifting machines. These

the agreement is part of the overall cooperation strategy

involving the Pramac group and the Group began to Renova

March 2011 “.

The commitments contained in the joint venture agreement

subject to the suspensive unless certain conditions are met,

including: the adoption of a joint business plan

three for Pramac RUS Ltd. the achievement of a

Pramac RUS Ltd. corporate governance agreement.

obtaining the necessary permissions.

Each party will be entitled to withdraw

the agreement if, within six months following the date of subscription.

the two groups do not agree on a new agreement

joint-venture for the production in Russia of

gas generators.