(Alliance News) - Equita SIM Spa announced Thursday that it has finalized the acquisition of a minority stake in Equita K Finance Srl and changed its name to Equita Mid Cap Advisory.

The SIM has thus risen to 100 percent of Equita Mid Cap Advisory and will exercise its proxy to increase the latter's capital, reserving all 991,734 Equita Group shares to the sellers of the remaining 30 percent stake in Equita Mid Cap Advisory.

Equita Group's capital thus amounts to EUR11.9 million, divided into 52.4 million shares, including 2.7 million treasury shares.

The shares received by shareholders Giuseppe Renato Grasso and Filippo Guicciardi will enter Equita Group's shareholders' agreement, representing 35 percent of the share capital and 48 percent of the votes at the shareholders' meeting.

Equita Group's stock is up 0.3 percent at EUR3.92 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.