MeglioQuesto Reshapes Eureweb Stake in Settlement Deal With PSG

Meglioquesto S.P.A. ( (IT:MQSPA) ) has issued an update.

MeglioQuesto S.p.A. has reached an agreement with PSG Holding S.r.l. to redefine their relationship over Eureweb S.r.l., including transferring a 6% stake in Eureweb to PSG for a symbolic consideration and mutually terminating a 2022 preliminary purchase agreement. This move leaves MeglioQuesto with a 49% stake, introduces new rules on governance and share transferability, and aims to resolve ongoing litigation between the parties.

The transaction forms part of MeglioQuesto’s broader effort to rationalize its equity portfolio and manage exposures arising from past agreements, in line with its restructuring process. By eliminating remaining commitments to fully acquire Eureweb and reducing uncertainties tied to past contracts and disputes, the company gains greater financial and strategic flexibility, though it cautions there is no current certainty of recovering the investment in the remaining stake.

MeglioQuesto plans to continue evaluating options to enhance the value of its 49% holding in Eureweb, subject to market conditions and its industrial and financial plan. The agreement’s effectiveness depends on certain conditions precedent, with closing scheduled for the fifth business day after those conditions are met or waived, underscoring a staged approach to finalizing the restructured partnership with PSG.

More about Meglioquesto S.P.A.

MeglioQuesto S.p.A. is a phygital marketplace operating in Italy since 2011, offering services and products to millions of consumers and partner companies through a multichannel platform that integrates physical and digital channels. Listed on Euronext Growth Milan since June 2021, it mainly serves top-tier partners in telecommunications, energy, financial and insurance sectors.

Technical Sentiment Signal: Hold

Current Market Cap: €11.43M

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