Exercised Put option on 30% of the participation Cifarelli

Exercised Put option on 30% of the participation Cifarelli

 

Bagnolo in Piano (RE), 29 June 2020 - Emak S.p.A. (MTA, STAR), parent company of one of world major groups working in the sectors of outdoor power equipment, pumps and water jetting, and of the related components and accessories, announces that today it has exercised the Put option on the 30% stake in Cifarelli's share capital.

The consideration for the sale of the quota amounts to 3,250 thousand euro.

It has to be noted that the two companies will continue their collaboration both in the commercial and distribution fields to seize future mutual business opportunities.