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Nusco SpA ( (IT:NUS) ) has provided an update.
Nusco’s extraordinary shareholders’ meeting has approved the acquisition of related-party Nusco Immobili Industriali S.r.l. through a €18 million share capital increase in kind, under which Nusco Invest will contribute its 99.94% stake in the real estate company in exchange for 13.33 million new Nusco shares priced at €1.35. The transaction, which will raise Nusco Invest’s holding to 71.41% and reduce free float to 15.96%, brings into the group a portfolio of completed and advanced-stage industrial and commercial properties, supporting an integrated industrial–real estate model intended to strengthen the asset base, improve the group’s financial structure and self-financing capacity, and reduce reliance on traditional retail and wholesale channels, without triggering a reverse takeover under Euronext Growth Milan rules.
More about Nusco SpA
Nusco S.p.A., based in Nola and listed on Euronext Growth Milan, is a historic Italian manufacturer and distributor of interior doors and wooden, PVC, aluminium and iron window and door frames under the “NUSCO” brand. Through its Doors and Window & Door Frames business units and its subsidiary Pinum Doors & Windows in Romania, the group serves construction companies, franchisees, multi-brand dealers and private customers, with a leading presence in Central and Southern Italy’s fixtures market.
Average Trading Volume: 189,550
Technical Sentiment Signal: Sell
Current Market Cap: €14.96M
See more insights into NUS stock on TipRanks’ Stock Analysis page.