Intek Group S.p.A. (IT:KME) has released an update.
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KME Group S.p.A. successfully concluded its partial voluntary public exchange offer, with 565,095 bonds tendered out of a possible 2,103,673, representing 26.86% of the total. These bonds, valued at over 12 million Euros, will be exchanged for new bonds from the 2024-2029 loan. The offer’s effectiveness is still contingent on fulfilling certain conditions, with further updates expected soon.
For further insights into IT:KME stock, check out TipRanks’ Stock Analysis page.