(Alliance News) - Reway Group Spa announced Tuesday the completion of the acquisition of 70 percent of the share capital of Se.Gi. Spa, among the leading operators active in the maintenance of infrastructure and civil works in the railway sector.

The binding agreement had been announced last Oct. 13. The transaction, the company specifies in a note - "represents a fundamental step in Reway Group's growth path as it ratifies its entry into the railway sector, a sector that presents important barriers to entry and that sees in our country important and planned investments in ordinary and extraordinary maintenance of inf rastructures and civil works also connected to PNRR projects."

Reway Group, the company further specifies, thus becomes the first operator in Italy to preside over both the highway and rail network rehabilitation sectors.

The value of the transaction at closing is approximately EUR63 million, financed for EUR47 million through recourse to bank financing and EUR16 million through its own resources, using in part the proceeds from the listing on the Euronext Growth Milan market, which took place in March.

The investment agreement entered into between Reway Group and Se.Gi.'s shareholders provides for Reway Group's commitment to purchase the remaining 30 percent stake in the target company's share capital through the exercise of a put&call option, exercisable as of the date of approval of Se.Gi.'s financial statements as of December 31, 2025. The Enterprise Value of 100 percent of the target company is set at EUR90 million, a value given by the sum of EUR63 million for the purchase of 70 percent and EUR27 million for the purchase of the remaining 30 percent.

As for Se.Gi.'s governance, the new board of directors took office today, which consists of five members: three appointed by Reway shareholders and two appointed by Se.Gi. shareholders.

Among the directors appointed by Reway, Pietro Bettaglio will take over as chairman and chief executive officer.

Reway Group closed Tuesday up 2.3 percent to EUR4.09 per share.

By Chiara Bruschi, Alliance News reporter

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