Ludoil Acquires Controlling Stake in Mediterranean’s Largest Refinery, Plans €1.3B Investment

Ludoil Capital, a wholly owned subsidiary of Ludoil Energy - the Ammaturo family's holding company - has completed the acquisition of a 51% stake in ISAB from GOI Energy, following the successful conclusion of the Italian Government's Golden Power review. At a time of international tension and heightened energy costs, the government acted to safeguard the country's foremost refining complex — the largest in the Mediterranean — affirming its strategic significance through targeted provisions and overseeing its return to Italian ownership. Antitrust clearance and the review under the EU Foreign Subsidies Regulation were both concluded without remedies. Little more than four months elapsed between the announcement of the agreement, on 13 May 2026, and closing - a remarkably short span for a transaction of such exceptional complexity and a measure of the resolve with which the public authorities oversaw every stage of the process, safeguarding supplies and the energy security of Italian citizens As of today, Ludoil assumes industrial leadership and operational control of the refinery straddling Priolo, Melilli and Syracuse. The asset is valued, in enterprise value terms, at €1 billion.