Press release from the Competition Council regarding the acquisition project of exclusive control of the company ‘Radici Partecipazioni SpA’ by the company ‘LSF12 Rigel Investments SpA’ through the acquisition of 100% of its share capital and related voting rights

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the ‘summary of the transaction’ below, containing the information provided by the parties.

This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed transaction.

The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.

Names of the companies and groups concerned:

• The acquirer: The company ‘LSF12 Rigel Investments SpA’;
• The target: The company ‘Radici Partecipazioni SpA’.

Nature of the transaction

• Acquisition of exclusive control.

Economic sectors concerned:

• Chemical products market;
• Electricity and natural gas markets;
• Thermal energy market.

Deadline for interested third parties to submit their observations:

• 10 days from the date of publication of this press release, i.e. April 28, 2025.

NON-CONFIDENTIAL SUMMARY OF THE TRANSACTION PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration transaction consisting of the acquisition of exclusive control of the company ‘Radici Partecipazioni SpA’ by the company ‘LSF12 Rigel Investments SpA’, an indirect subsidiary of ‘Lone Star Fund XII, LP’, through the acquisition of 100% of the share capital and voting rights related thereto.

‘Radici Partecipazioni SpA’ is a company based in Bergamo, Italy, active, among other things, in (i) specialty chemicals and high-performance polymers, (ii) electricity and natural gas (including electricity and gas trading activities, and the provision of energy-related consulting services) as well as thermal energy in Italy, through the companies ‘GeoEnergie’ and ‘Novel’.

‘LSF12 Rigel Investments SpA’ is an Italian company, based in Milan, registered with the Milan Chamber of Commerce under number 13884320964. ‘LSF12 Rigel Investments SpA’ is an indirect subsidiary of ‘Lone Star Fund XII, LP’.

‘Lone Star Fund XII, LP’ is an investment fund established in June 2022. The fund’s operations consist of investments in portfolio companies, financial institutions, or loan portfolios in North America, Europe, and the Asia-Pacific region.

Done in Rabat, April 17, 2025