ReeVo acquires an additional 10 percent of Security Lab, rising to 65 percent

(Alliance News) - ReeVo Spa announced Wednesday that it has acquired, following Reevo's exercise of a call option, an additional 10 percent of the share capital of Security Lab Srl, a Milan-based company specializing in Cyber Security, already a 55 percent subsidiary of ReeVo, for a consideration of approximately EUR601,000, determined on the basis of profitability - Ebitda 2022 - and financial - NFP parameters as of today's date.

The purchase of the additional 10 percent - through which ReeVo rises from 55 percent to 65 percent of Security Lab's share capital - is an integral part of the path to the acquisition of the entire share capital of the company itself, according to the terms of the investment agreement signed on September 6, 2022, which contains certain put and call mechanisms aimed at transferring the remaining stakes in Security Lab of the minority shareholders to ReeVo, the company recalls in a note.

On Wednesday, ReeVo a closed in the red by 0.3 percent at EUR17.25 per share.

By Claudia Cavaliere, Alliance News reporter

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