Finmeccanica completes acquisition of 11.1% of Eurotech’s share capital

Amaro, 5 November 2008
Pursuant to the resolution passed by the Board of Directors of Finmeccanica on 12 May 2008 and agreements reached with some of the Eurotech’s founding shareholders, as communicated in the press release of 13 May 2008, Finmeccanica has today completed the acquisition of approximately 11.1% of Eurotech’s share capital, equivalent to 3,936,461 shares, at a price of EUR 4.60 per share. The acquisition of a stake in Eurotech brings into effect the shareholders’ agreement between Finmeccanica and other Eurotech’s shareholders, published previously in accordance with current rules and regulations. Following the resignation of the sellers from the Board of Directors of Eurotech, it is foreseen that such Board (to be held on 14 November) will appoint 3 new directors: Filippo Bagnato, Giovanni Soccodato, Maurizio Tucci.

The operation will reinforce the strategic partnership started in July 2006 by means of a commercial and scientific cooperation agreement and will enable a further deepening of relations between the two Groups, particularly given Eurotech’s achievements in the development of innovative products as well as significant growth in new geographic areas of strategic importance to Finmeccanica, such as the United States and Japan.




Share: Share on LinkedIN