(Alliance News) - AATech Spa on Thursday unveiled its new 2025-2027 business plan, focusing on innovation, external growth and development of the AI ecosystem for the financial sector.
Key points include the acquisition of up to 100 percent of Business Innovation Lab Spa, owner of the fintech platform Opyn, with which AATech has signed an exclusive binding agreement to purchase at least 50.1 percent of the capital, subject to conditions precedent.
The BIL group manages more than EUR2 billion in loans for 6,000 SMEs and 15 credit vehicles through Opyn, and is also active through Mo.Net and ART SGR.
The transaction could take the form of a reverse take-over under Euronext Growth Milan regulations, with signing expected by the second quarter of 2025 and closing in the third.
The plan consists of four strands: development of the AI AIBEE ecosystem for regulatory compliance in finance, with an expected investment of EUR2.5 million; strengthening of investees with access to resources, technology and internationalization; synergistic M&A transactions for scale and technology revamping; and financial strengthening to seize capital market opportunities.
Targets to 2027 for the consolidated AATech group include an increase in value of production from EUR3.6 million in 2024 to EUR6.4-7.9 million, Ebitda growth from EUR1.2 million to EUR3.4-4.3 million, assets between EUR13.9 and EUR17.1 million, and a reduction in net debt from EUR4.5 million to EUR0.6-0.9 million. These targets exclude effects from extraordinary transactions.
In the corporate sphere, the board of directors will propose three measures to the extraordinary shareholders' meeting: the free allotment of up to 20.5 million new warrants to shareholders as of April 30, 3 warrants for each share, an increase in the voting power of multiple-voting shares from 3 to 7 with a right of withdrawal for dissenting shareholders at a unit price of EUR0.76, and a proxy for capital increases and convertible bonds of up to EUR10 million.
All initiatives aim to support the company's size jump, while maintaining control and strategic stability with a view to sustainable growth and enhancement in the medium to long term.
AATech's stock closed Thursday in the green 8.2 percent at EUR0.86 per share.
By Antonio Di Giorgio, Alliance News reporter
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