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IMA Industria Macchine Automatiche SpA announces closing of purchase of additional 30 pct in ILAPAK Group

Tuesday, 25 Mar 2014 11:06am EDT 

IMA Industria Macchine Automatiche SpA:Finalised with Transworld Packaging Holding BV and its shareholders the purchase of an additional 30 pct stake in the ILAPAK Group, bringing IMA's investment in the ILAPAK Group to 81 pct.ILAPAK Group makes primary packaging machines for the food sector.The total financial intervention on the part of IMA amounts to 22.750 million euros, all settled at the closing.Says, in completing the deal, the parties were assisted by Altium Capital; for legal advice IMA was assisted by Poggi&Associati, while the Studio d'Urso Gatti e Bianchi assisted Transworld Packaging Holding. 

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0.09 +0.28%
11:30am EDT