< p> (Alliance News) - Mittel Spa on Monday announced that it has signed, through its subsidiary Italian Bathroom Design Group Srl, a binding preliminary agreement regarding the purchase of 100% of Ceramica Catalano Spa. < br />< br /> This provides for a purchase price for 100 percent from Catalano's share capital of EUR92.0 million, with an expected execution date by September 2024. < br />< br /> The purchase transaction will be financed mainly through equity of IBD and the parent company Mittel Spa and, for a smaller part, through bank financing. < br />< br /> Catalano achieved a turnover of EUR48.6 million in 2023, realizing an Ebitda of about EUR13 million and a profit of just under EUR8.5 million. < br />< br /> Mittel rises 0.7 percent to EUR1.52 per share. < br />< br /> By Maurizio Carta, Alliance News reporter < br />< br /> Comments and questions at redazione@alliancenews.com < br />< br /> Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved. < /p>