International legal practice Norton Rose Studio Legale has advised Sumitomo Corporation on the acquisition of 85 percent stakes in two Italian solar power subsidiaries of German-based S.A.G. Solarstrom. As a result of an agreement signed on 3 February 2011, the Japanese-based trading conglomerate will own 10 PV solar parks located in southern Italy having total capacity generation of 9,700kw.

The Norton Rose Studio Legale team was led by Milan-based partner Gennaro Mazzuoccolo, assisted by of counsel Andrea Sassi, senior associate Chiara Toccagni and trainee Luigia Bersani. The sellers were advised by Derra, Meyer & Partner.