Brief: Giglio Says It Accepts Commitment By Avon, Sky To Implement Capital Increase Transaction

Ops Ecom SpA

04/03/2025 06:34

March 4 (Reuters) - Giglio Group SpA GGTV.MI:

ACCEPTS BINDING COMMITMENT BY AVON, SKY TO IMPLEMENT CAPITAL INCREASE TRANSACTION

CAPITAL INCREASES TO BE SUBSCRIBED, RELEASED THROUGH CONTRIBUTION IN KIND OF UP TO 100% OF PUBLINOVA, HELD BY AVON, SKY

PUBLINOVA IN TURN TO HOLD 70% OF GDL, CONTRIBUTION IN KIND OF UP TO REMAINING 30% OF GDL HELD BY REMCO, IF FOLLOW-ON RIGHT EXERCISED

TRANSACTION SUBJECT TO APPROVAL OF CORPORATE BODIES, WOULD TAKE FORM OF REVERSE MERGER

Further company coverage: GGTV.MI

 (Gdansk Newsroom)

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