Hera Group and Ascopiave have signed contracts for the acquisition of 92% of Asco TLC
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Following the press release issued on 29th November 2022, the Hera Group and the Ascopiave Group herein announce that today they have signed the contract deliverables governing the acquisition of 92% of Asco TLC from Asco Holding and the Treviso-Belluno C.C.I.A.A. (Chamber of Commerce, Industry, Crafts and Agriculture).
The transfer of the Asco TLC shares will take place upon the closing of the transaction, which is scheduled in the first quarter of 2023.
This partnership represents a strategic step in the evolution of Ascopiave and the Hera Group's business portfolio in the IT-TLC sector, consistent with the industrial plans of the two groups.
For additional information on the details of the transaction, please refer to the press release dated 29th November 2022.
The commitment represents an operation with related parties for Ascopiave in virtue of the fact that although Asco Holding controls Ascopiave, it does not exercise any management and coordination activity over the latter.
The agreement can be construed as a deal of minor significance, pursuant to the Consob Regulation on Related Party Transactions (hereinafter referred to as the “Regulation”), as well as the procedure therein adopted by Ascopiave. It has received a favourable, non-binding clearance from the Ascopiave Committee for Related Party Transactions.
It is hereby stated that, as the above-mentioned arrangement qualifies as one of minor importance, no information document will be published pursuant to Article 5 of the Regulation.
See the press release
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Telephone: +39 051 287111
HERA SPA
Viale Carlo Berti Pichat nr. 2/4 - 40127
Bologna
Contacts
Telephone: +39 051 287111
HERA SPA
Viale Carlo Berti Pichat nr. 2/4 - 40127
Bologna