Brief: Innovatec Buys 50.1% Of Green Luxco Capital For EUR 23 Mln, Now Owns 70% Of Ecosavona

Innovatec SpA

29/01/2024 18:04

Jan 29 (Reuters) - Innovatec SpA  INCI.MI :
    * BUYS 50.1% OF GREEN LUXCO CAPITAL FOR EUR 23 MILLION
    * GREEN LUXCO CAPITAL OWNS 70% OF ECOSAVONA, WHICH OPERATES
IN
INNOVATEC'S SAME MARKET SEGMET
    * CLOSING EXPECTED BY FEB 29
    * SEES FROM DEAL IMPACT ON 2024 EBITDA AROUND EUR 6 MILLION,
AROUND EUR 16 MILLION UPON CLOSING

Further company coverage:  INCI.MI 

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