Ludoil Capital S.r.l., part of the Ammaturo family’s Ludoil Energy Group, has formally taken industrial control of ISAB S.r.l. after completing the acquisition of a 51% stake from GOI Energy.
The closing follows the successful conclusion of the Italian Government’s Golden Power review, which affirmed the strategic importance of Italy’s largest refining hub and ensured its return to national ownership. “Little more than four months elapsed between the announcement of the agreement… and closing: a remarkably short span for a transaction of such exceptional complexity,” the document notes.
Antitrust clearance and the EU Foreign Subsidies Regulation review were both completed without remedies.
The ISAB refinery, spanning Priolo, Melilli and Syracuse, is valued at €1 billion.
Financing was provided by BPER and UniCredit as Global Coordinators, Mandated Lead Arrangers and Bookrunners, with MPS also acting as Mandated Lead Arranger. BPER Corporate & Investment Banking served as Facility Agent, coordinating the lending banks and SACE.
Ludoil will now implement a €1.3 billion, five year industrial plan.
This includes returning several decommissioned units to service—primary distillation, hydrodesulphurisation, solvent deasphalting and thermal cracking—to increase processing capacity and improve yields of lower sulphur, lower carbon distillates.
The Group will also accelerate ISAB’s conversion to biofuels, building on co processing launched in July 2026. A vertically integrated chain using non edible vegetable oils will produce biogasoline, SAF and HVO through existing and future dedicated units.
The current workforce will be fully retained. Around 1,000 additional specialists will be engaged during the investment phase, with around 100 new technical roles required once the upgraded refinery reaches full operation.
The integration of ISAB completes Ludoil’s value chain, establishing the Group as Italy’s largest privately held multi energy company with expected annual consolidated revenues of €13 billion.
A new three member board has been appointed, with Marco Russo Spena as chairman and Paolo Fedeli as CEO.
Ludoil completes acquisition of ISAB and launches €1.3bn investment plan
