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IMA Industria Macchine Automatiche SpA says option to convert the ILAPAK bond exercised


Wednesday, 4 Dec 2013 08:41am EST 

IMA Industria Macchine Automatiche SpA:Says it exercised its option to convert 3 million euros of bonds into 594,304 ordinary shares of Transworld Packaging Holding B.V.Says as a result of converting the bonds, IMA's interest in the ILAPAK Group rises to 51%.Says that the economic and financial results of the ILAPAK Group can be consolidated from Aug. 2013.Says the ILAPAK Group produces primary packaging machines for the food sector using flexible material (horizontal and vertical flow packs).Says, in closing this deal, IMA was assisted by Poggi&Associati. 

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