Brief: Corrected-Elica - H1 Adjusted EBITDA At EUR 14.9 Million
30/07/2025 12:08
July 30 (Reuters) - Elica SpA ELC.MI: H1 ADJUSTED EBITDA AT EUR 14.9 MILLION H1 ADJUSTED NET LOSS EUR 2.2 MILLION H1 REVENUE EUR 240 MILLION SIGNS DEAL TO ACQUIRE 28% STAKE IN STEEL, AN ITALIAN COMPANY SPECIALISED IN MANUFACTUIRNG HIGH-END RANGE COOKERS, TO ACCELERATE NORTH AMERICAN PREMIUM COOKING SEGMENT GROWTH VALUATION OF STEEL BASED ON EV OF EUR 8.5 MLN, MAXIMUM OF EUR 10.5 MLN TRANSACTION ENTAILS INITIAL ACQUISITION OF 28% OF STEEL'S CAPITAL FOR A VALUE OF EURO 2.5 MILLION POSSIBILITY OF EXERCISING PUT & RECIPROCAL CALL OPTIONS TO PURCHASE AN ADDITIONAL 57%, BRINGING THE STAKE UP TO 85% OPTION FOR THE REMAINING 15%, WITH THE POSSIBILITY OF EXISTING SHAREHOLDERS KEEPING UP TO 10% IN FIFTH YEAR Further company coverage: ELC.MI (Reporting by Gaia Neiman) ((Gaia.Neiman@thomsonreuters.com;))