(Alliance News) - e-Novia Spa has announced that the capital increase, amounting to EUR250,000 including share premium, of Weart Holding has been executed.

Thus the company comes to hold 50.1 percent of Weart Holding and thus acquires control of Weart Srl.

Weart Holding was incorporated on June 21 and the shares held in Weart by e-Novia for 35 percent, Guido Gioioso for 22 percent, and Giovanni Spagnoletti for 22 percent were contributed. The share capital of Weart Holding was then divided: e-Novia for 44 percent, Guido Gioioso for about 28 percent, and Giovanni Spagnoletti for about 28 percent.

"This operation, in line with the group's industrial strategy, aims on the one hand to ensure the strengthening of governance by ensuring uniformity of direction, stability and management continuity, and on the other hand to consolidate the relationship between e-Novia and the two co-founders through the sharing of strategic lines for the development of Weart," the company explained in a note.

On Thursday e-Novia closed flat at EUR6.45 per share.

By Claudia Cavaliere, Alliance News reporter

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