Prime Acquisition Corp. signed a purchase agreement to acquire 10% minority interest in 50 renewable energy plants from Futurum Energy SA and Radiomarelli SA for approximately $390 million.

Prime Acquisition Corp. (NasdaqCM:PACQ) signed a purchase agreement to acquire 10% minority interest in 50 renewable energy plants from Futurum Energy SA and Radiomarelli SA for approximately $390 million on August 30, 2013. Under the terms, Prime Acquisition Corp.

will issue approximately 37.2 million shares as consideration. Pietro Zanoni and Eugenio Siragusa of NCTM Studio Legale Associato acted as legal advisor for Radiomarelli. Christian Moretti and Bryan Hall of Carter Ledyard & Milburn LLP acted as legal advisor for Radiomarelli.