Kinexia SpA completed the acquisition of 84.44% stake in Sun System SpA from HQ Industrial Assets Srl, Elena di Boschetti Dottor Giancarlo e C. SAS, Dynameos SA and Focus S.A.S Di Annoni Paolo E C. Paolo Giuseppe Annoni and Massimiliano Luca Campaiola.
November 24, 2013 at 11:00 pm EST
Kinexia SpA (BIT:KNX) signed an agreement to acquire 84.44% stake in Sun System SpA from HQ Industrial Assets Srl, Elena di Boschetti Dottor Giancarlo e C. SAS, Dynameos SA and Focus S.A.S Di Annoni Paolo E C., Paolo Giuseppe Annoni and Massimiliano Luca Campaiola for 2.7 million in stock on July 30, 2013. The consideration is payable in stock by issuance of 2.2 million Kinexia shares such that Sunsystem shareholders get a reserved capital hike equal to 7.6% of the capital of Kinexia. The remaining 15.6% stake in Sunsystem is held by Sopaf SpA (BIT:SPF).
Kinexia SpA (BIT:KNX) completed the acquisition of 84.44% stake in Sun System SpA from HQ Industrial Assets Srl, Elena di Boschetti Dottor Giancarlo e C. SAS, Dynameos SA and Focus S.A.S Di Annoni Paolo E C. Paolo Giuseppe Annoni and Massimiliano Luca Campaiola on November 25, 2013.