ILPRA S.p.A. cancelled the acquisition of 30% stake in Pona Pack Packaging Solutions.
ILPRA S.p.A. (BIT:ILP) signed a binding agreement to acquire 30% stake in Pona Pack Packaging Solutions for 1 million on November 28, 2022. The transaction will take place as follows: purchase of 21% of Ponapack's share capital, for a total of 0.7 million. From which, 0.35 million will be paid in cash at the closing and 0.35 million, also in cash, by April 2023. Subscription, on the date of the closing, of a capital increase in Ponapack, entirely reserved for Ilpra, for a total amount of 0.3 million, including 0.29 million as a premium, against the allocation of a share equal to 9% of its capital. As a result of the transaction, Ilpra will acquire category B shares with the characteristics and prerogatives stipulated in Ponapack's statute, which will guarantee a total voting right of 51%, as well as the right to appoint the majority of the 5 members of the target's Board of Directors. In 2021 Ponapack registered 1.3 million in revenues, an EBITDA of 0.19 million.
ILPRA S.p.A. (BIT:ILP) cancelled the acquisition of 30% stake in Pona Pack Packaging Solutions on June 14, 2023.