ILPRA S.p.A. (BIT:ILP) acquired 70% stake in Pentavac S.R.L. for €5.7 million on May 5, 2023. The remaining shareholders will be maintaining the 30% stake. Maurizio Bertocco would be the entrusting the office of chairman along with the new members of its management body. Ilpra and the sellers signed a shareholders' agreement aimed at regulating the terms and conditions of the existing relationships and the provisions on corporate governance including the option to purchase the remaining 30% of the shares in favor of Ilpra - to be exercised also separately with the individual seller on the date of presentation of the financial statements as at 31 December 2026 and in any case no later than 30 June 2027 - at a price that can be determined on the basis of a multiple of the Ebitda of the target as at 31 December 2026 net of IFN. The agreement also includes the sale option, in favor of the minority shareholders , of the shares that had not already been purchased with the purchase option due to Ilpra, to be exercised on the date of presentation of the financial statements at 31 December 2030 in any case no later than 30 June 2031, with the same method of determining the price.

ILPRA S.p.A. (BIT:ILP) completed the acquisition of 70% stake in Pentavac S.R.L. on May 5, 2023.