(Alliance News) - Jonix Spa announced Tuesday that the sale of its 30 percent stake in Joinlux Srl, announced last June, has been finalized. The sale took place at par value.

Jonix specifies in a note that the exclusive distribution agreement for all Jonix products that can be used for sanitizing and hygienizing home environments through Joinlux, which following the sale will be 95 percent owned by Franco Sabbadin and 5 percent owned by Matteo Franzolin, remains in effect.

Joinlux will continue to make use of the distribution network and organization of Cbelux Spa, a company wholly owned by SabbaFin Srl, 100% owned by Franco Sabbadin.

Jonix gives up 1.9 percent to EUR0.63 per share.

By Chiara Bruschi, Alliance News reporter

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