Brief: SAFE Signs Deal For Acquisition Of 90% Of Idro Meccanica

Landi Renzo SpA

18/01/2022 17:11

Jan 18 (Reuters) - Landi Renzo SpA  LR.MI :
    * SAFE SIGNS DEAL FOR ACQUISITION OF 90% SHARE CAPITAL OF
IDRO
MECCANICA
    * SAFE IS PART OF SAFE&CEC GROUP, WHICH IS CONTROLLED BY
LANDI
RENZO
    * REMAINING 10% OF IDRO MECCANICA'S SHARE CAPITAL WILL BE
TRANSFERRED TO SAFE ONCE  NECESSARY AUTHORIZATIONS BY
SHAREHOLDER ARE OBTAINED
    * PRICE AGREED FOR THE TAKEOVER OF 100% OF IDRO MECCANICA'S
SHARE
CAPITAL IS EUR 6.4 MILLION

Further company coverage:  LR.MI 

 (Reporting by Gdansk Newsroom)
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