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Maire Tecnimont SpA Approves Terms and Conditions of Share Capital Increase; ARDECO Furthers Stake in Company to 10%

Thursday, 27 Jun 2013 05:44pm EDT 

Maire Tecnimont SpA announced that the Board of Directors approved the terms and conditions of the share capital increase in option for approximately EUR 135 million. The share capital increase will occur through the issuance of 271,580,000 shares which will be offered in option to the shareholders at a unified price of EUR 0.496 per share, for a total of EUR 134,703,680.00. Maire Tecnimont SpA also announced that the Arab Development Establishment (ARDECO) has acquired a further stake of 5% in the share capital of the Company, from GLV Capital SpA, bringing its stake in the Company to 10%. Maire Tecnimont SpA also announced that following subscription commitments by the shareholders and underwriting banks, the share capital increase in option results fully secured. 

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