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Windsor Machines Ltd Announces Updates On Incorporation Of Subsidiary

Tuesday, 24 Sep 2013 06:33am EDT 

Windsor Machines Ltd announced that with reference to the earlier announcement regarding an acquisition in Italy, Windsor Machines Ltd announced that Wintech B.V., a Wholly Owned Subsidiary (WOS) of M/s. Windsor Machines Limited has incorporated a wholly owned subsidiary, namely "Wintal Machines S.r.l." on September 16, 2013, in Italy to acquire the business of an Italian Company, Italtech S.p.a. Further the Company announced that, Wintal Machines S.r.l has entered into Preliminary Transfer of Business Agreement with Italian authorities under Italian Bankruptcy Law for leasing the business of Italtech S.p.a., with the aim of buying the same in a predetermined time period. During this period Wintal Machines S.r.l. will manage and grow the business of Italtech S.p.a. around the world. 

Company Quote

-0.55 -2.54%
6:29am EDT