Dominion Hosting Holding S.p.A. acquired 69.15% stake in Connesi S.P.A. from Massimo Bartolini, Inarco Ammenti, Raffaele Casali and Fabbrica Multimediale S.R.L. for 5.5 million.
Dominion Hosting Holding S.p.A. (BIT:DHH) acquired 69.15% stake in Connesi S.P.A. from Massimo Bartolini, Inarco Ammenti, Raffaele Casali and Fabbrica Multimediale S.R.L. for 5.5 million on July 28, 2022. The purchase price has been paid entirely in cash through a structured finance transaction with Intesa Sanpaolo SpA as arranger and lending bank for a total of 13.86 million. In addition, Dominion signed shareholder's agreements through which it acquired the option right to purchase an additional 18.35% of the share capital within 90 days from the approval of the financial statements for the year 2025. In 2021, Connesi reported a turnover of 5.5 million, EBITDA of 1.1 million and net profit of 0.1 million. Dominion Hosting plans to keep Connesi as an autonomous company within the group, with its own Board of Directors, management team, brands, people, and operation. Dominion Hosting will appoint a non-executive director to the Board of Connesi.
Dominion Hosting Holding S.p.A. (BIT:DHH) completed the acquisition of 69.15% stake in Connesi S.P.A. from Massimo Bartolini, Inarco Ammenti, Raffaele Casali and Fabbrica Multimediale S.R.L. on July 28, 2022.