Kinexia SpA (BIT:KNX) signed a deal to acquire 32.7% stake in Gruppo Waste Italia S.p.A. from Synergo SGR SpA for 35.2 million on June 17, 2014. At the closing of the acquisition, Synergo will subscribe to 12.4 million new-issue shares at Kinexia in a reserved capital increase for 28.9 million and will subscribe a bond convertible into new-issue Kinexia stock for the remaining 6.1 million. The closing of the transaction is expected by September 2014.
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- Kinexia SpA signed a deal to acquire 32.7% stake in Gruppo Waste Italia S.p.A. from Synergo SGR SpA for €35.2 million.