Brief: Gpi SpA Says Board Approved Transaction Involving An EUR 140 Million Paid-In Capital Increase

Gpi

22/06/2022 22:46

June 22 (Reuters) - GPI SpA  GPI.MI :
    * BOARD APPROVES A TRANSACTION INVOLVING AN EUR 140 MILLION
PAID-IN CAPITAL INCREASE, TO SUPPORT NEW 2022 - 2024 STRATEGIC
BUSINESS PLAN
    * UPON COMPLETION OF CAPITAL INCREASE, FM S.R.L. WILL RETAIN
CONTROL OF COMPANY THROUGH POSSESSION OF MAJORITY OF VOTING
RIGHTS
    * PLAN IS TO ACHIEVE REVENUES OF MORE THAN EUR 500 MILLION
IN 2024
(CAGR 21-24 >15%)
    * PLANS TO ACHIEVE AN EBITDA MARGIN OF MORE THAN 17% IN 2024
    * INVESTMENT AGREEMENT WAS ACCORDINGLY SIGNED WITH CDP
EQUITY
S.P.A

Source text for Eikon:  ID:nBIA93R8jB 
Further company coverage:  GPI.MI 

 ((Reuters.Briefs@thomsonreuters.com;))