CDP finalizes the purchase of Sace, Simest and Fintecna

Press release

CDP finalizes the purchase of Sace, Simest and Fintecna

Cassa depositi e prestiti Spa (CDP) announces that, following the exercise of its acquisition option on 2 November, today – at the Ministry for the Economy and Finance (MEF) – the purchase of 100% of Sace SpA and 100% of Fintecna SpA from the MEF and around 76% Simest from the Ministry of Economic Development has been finalized.

Cassa depositi e prestiti Spa (CDP) announces that, following the exercise of its acquisition option on 2 November, today – at the Ministry for the Economy and Finance (MEF) – the purchase of 100% of Sace SpA and 100% of Fintecna SpA from the MEF and around 76% Simest from the Ministry of Economic Development has been finalized.

CDP has paid the MEF a total of 5.422.621.233,93 euro (3.721.300.800 euros for Sace, 1.591.981.200 euro for Fintecna and 109.339.233,93 euro for Simest).

The sums corresponds to 60% of the book equity of the companies on 31/12/2011. Within 60 days of exercising the option, an MEF decree will specify the transfer price (considered fair by CDP) on the basis of with the adjustment payment will be determined.

 

 

Rome, 09/11/2012

 

 

 

 

 

 

 

 

 

Related documents