(Alliance News) - The board of directors of IMD International Medical Devices Spa on Tuesday approved the purchase of a 12.36 percent representative stake in the share capital of IMD Generators Srl from Bonazzi Christian at a price of EUR25,000 to be paid in cash upon completion of the acquisition.

As a result of this transaction, IMD's stake in its subsidiary IMD Generators will be increased from 66.40% to 78.76% of the share capital. Bonazzi Christian will continue its collaboration with IMD Generators in the area of research and development activities.

IMD's stock closed Tuesday at a par at EUR1.55 per share.

By Chiara Bruschi, Alliance News reporter

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