Beirut – The Lebanese construction company Batco has acquired a majority stake in the Italian company Ercole Marelli Impianti Tecnologici, which specializes in engineering, procurement and construction in water areas, as well as energy production from renewable sources. Batco bought 55% of Emit, though the total sum remains undisclosed, reports the Italian Trade Agency. Batco is a private investment firm and majority shareholder of its subsidiaries. The group was created in 1970 and brings together companies in the construction sector. (9Colonne)
