Salt Lake City, Utah--(Newsfile Corp. - October 18, 2022) - Gaensel Energy Group, Inc., (OTC Pink: GEGR) ("Gaensel" or the "Company"), a diversified holding company, announces a corporate update.
Gaensel Energy Group is pleased to announce the acquisition of 25% of CONSORZIO DEDALO and 33% of the Capital shares of SPI SPA, https://spisrl.eu/, an Italian real estate project financing and development corporation based in Milano, Italy.
The Consorzio Dedalo was formed as an organization for the coordination of real estate contractors and supplier companies engaged in construction and renovation for both private and public jobs. The Consorzio, due to his capitalization and structure, has become an entity which has obtained substantive real estate projects and contracts which is then distributed to its associates and partners. Gaensel Energy Group acquisition is based on its participation and coordination of the Consorzio activities and providing additional capitalization to the Consorzio. This capitalization will permit to the Group to access important European contracts and facilitate new contracts which are projected to increase the business up to over €700,000,000 before the end of 2023.
SPI Spa has been financing and developing real estate renovation projects in North Italy since 2009. SPI operates as a general contractor with the support and the technical assistance of its team of 22 employees from the operating headquarter of Reggio Emilia.
SPI, during the first 2 quarters of 2022, has entered into construction and renovation contracts exceeding $18,000,000. SPI SPA projects, with the financial support of Gaensel Energy Group and its partners, it has the opportunity to acquire an additional €29,000,000 in new contracts eligible for the European Grants financing program.
https://www.newsfilecorp.com/release/140995