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$125.00
Provider: GlobalData
$125.00

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El En SpA Acquires 40% of Quanta System spa and 10% of DEKA M.E.L.A. Srl


Monday, 8 Oct 2012 09:48am EDT 

El En SpA announced that it acquired from the minority shareholder Laserfin Spa 40% of the shares of Quanta System spa and 10% of DEKA M.E.L.A. Srl. Both companies were already controlled by El En Spa and wholly consolidated within the group’s consolidated financial reporting. Following the transaction, the Company is therefore holding 100% of the shares of Quanta System and 85% of DEKA M.E.L.A. Srl. The transaction has been performed in order to rationalize and simplify the group’s structure. As consideration for the acquisition of the two stakes, El En Spa transferred to the seller 82,000 ordinary shares of the Company, that were held as treasury stock, together with a balance of EUR 3.4 millions of euro in cash to be paid over the next three years, and a further payment of EUR 125,000 subjected to an earn out clause. 

Company Quote

22.48
-0.57 -2.47%
10 Jul 2014