Innovatec S.p.A. completed the acquisition of approximately 29.59% stake in ESI S.p.A. (BIT : ESI) from Integra S.r.l.
Innovatec S.p.A. (BIT:INC) agreed to acquire approximately 29.59% stake in ESI S.p.A. (BIT:ESI) from Integra S.r.l. for 6.4 million on July 12, 2022. As per consideration, for the purchase of 1,430,823 shares of ESI, cash of 3.145 million per share will be paid and for the purchase of 635,922 shares of ESI, 1 million Innovatec shares will e issued in favor of Integra through a capital increase reserved. Prior to this transaction, Integra held a majority stake of 55.80% in ESI S.p.A.
Innovatec S.p.A. (BIT:INC) completed the acquisition of approximately 29.59% stake in ESI S.p.A. (BIT : ESI) from Integra S.r.l. on July 26, 2022.