Brief: Mare Engineering Group To Buy CTMAVIO In Deal Valued At €9 Mln
BRIEF-Mare Engineering Group To Buy CTMAVIO In Deal Valued At €9 Mln July 24 (Reuters) - Mare Engineering Group SpA MARE.MI:
TO BUY CTMAVIO IN DEAL VALUED AT €9 MILLION
TRANSACTION DIVIDED IN €6 MILLION CASH, €3 MILLION IN SHARES AT €5.60 EACH
CLOSING EXPECTED BY NOV 15, 2026, SUBJECT TO GOLDEN POWER APPROVAL
INVESTMENTS OF UP TO €2 MILLION TO DOUBLE PRODUCTION CAPACITY BY H1 2027
CASH COMPONENT FINANCED WITH OWN RESOURCES, SHARE COMPONENT PAID VIA ISSUE OF NEW SHARES IN CAPITAL RAISE RESERVED TO CTM
Further company coverage: MARE.MI
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