Relatech S.p.A. acquired an additional stake of 8% in EFA Automazione S.p.A. from Franco Andrighetti, CEO for 0.72 million.
Relatech S.p.A. (BIT:RLT) acquired an additional stake of 8% in EFA Automazione S.p.A. from Franco Andrighetti, CEO for 0.72 million on March 29, 2023. The total consideration for the transfer of the shareholding in EFA is equal to 0.72 million; the amount will be paid for a portion equal to 50%, i.e. 0.36 milion in cash and for the remaining portion equal to 50% in no. 169,507 Relatech treasury shares, valued at a price of 2.12 each conventionally identified between the parties Relatech acquired 960 shares of EFA. The Relatech shares to be transferred are subject to a lock-up period of six (6) months from the date of allocation. This transaction increases Relatech's share capital of E.F.A. Automazione S.p.A. to 89.66%.
Relatech S.p.A. (BIT:RLT) completed the acquisition of an additional stake of 8% in EFA Automazione S.p.A. from Franco Andrighetti, CEO on March 29, 2023.