Brief: EdiliziAcrobatica Constitutes NewCo EdiliziAcrobatica Monaco S.A.M To Enter Monegasque Market

EdiliziAcrobatica

04/04/2022 06:50

April 4 (Reuters) - EdiliziAcrobatica SpA  EDAC.MI :
    * PROCEDURE OF A NEW JOINT-STOCK COMPANY IN PRINCIPALITY OF
MONACO, NAMED EDILIZIACROBATICA MONACO S.A.M., HAS BEEN
CONCLUDED
    * WITH REFERENCE TO COMPOSITION OF NEWCO'S INITIAL SHARE
CAPITAL,
EDILIZIAACROBATICA HOLDS 60%, PARTNER ENGECO HOLDS 30%, WHILE
MEMBER G.B.PAR HOLDS 10%
    * FROM OPERATIONAL POINT OF VIEW, NEWCO WILL BE MANAGED BY
EDILIZIACROBA AS MAJORITY SHAREHOLDER
    * ESTABLISHMENT OF NEWCO IS DUE TO POSSIBILITY TO PERFORM
ACROBATIC CONSTRUCTION WORKS IN DOUBLE SAFETY ROPE IN PUBLIC
WORKS IN MONEGASQUE MARKET

Further company coverage:  EDAC.MI 

 (Reporting by Gdansk Newsroom)
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