Fine Foods announces the agreement for the merger with Innova Italy 1

Fine Foods announces the agreement for the merger with Innova Italy 1

Fine Foods has signed today an agreement for business combination with Innova Italy 1, a SPAC (special purpose acquisition company)  through which the company plans to list on the AIM Italia managed by the Italian Stock Exchange with €100 million of new financial resources to fuel growth (if no withdrawal rights are exercised) .

Innova Italy 1 is the SPAC listed on AIM Italia since October 19, 2016 and promoted by Fulvio Conti  and other prominent individuals from the international financial and business community.

Following the transaction (subject to, inter alia, approval by the shareholders of Fine Foods and Innova), Marco Eigenmann will keep control and chairmanship of the combined entity, guaranteeing continuity together with his management team, including Giorgio Ferraris (CEO) and Pietro Bassani (CFO).

Italian press release.
English Translation.