SECO SpA signed an agreement to acquire unknown majority stake in Fannal Electronics Co. Ltd.
SECO SpA signed an agreement to acquire unknown majority stake in Fannal Electronics Co. Ltd on February 25, 2019. Lesen Ding, Fannal's founder, will retain a minority share and continue to guide the company as its General Manager and Chief Executive Officer. Lorenzo Parrini , Andrea Zen and Marco Parisi of Deloitte Financial Advisory Services S.p.A. acted as financial advisor and Massimo Zamorani , Lucia Ruffatti of Deloitte Touche Tohmatsu, Legal Advisory Arm acted as legal advisor for SECO SpA.