(Alliance News) - Spindox Spa on Friday announced that it has acquired 40 percent of the share capital of Six Consulting Srl, formerly held by Luca Foglino.

The company recalled that Luca Foglino is a related party, as the holder of 1.3 million shares in Spindox, representing about 22.08 percent of the share capital.

Six Consulting was already held by Spindox with a 20 percent stake, so with the transaction, Spindox itself acquires control.

The price for the purchase of the said 40 percent stake was determined to be EUR500,000, corresponding to the recognition of an Equity Value of EUR1.3 million for the entire share capital of the target company.

On Thursday, Spindox closed in the green by 0.7 percent at EUR8.88 per share.

By Claudia Cavaliere, Alliance News reporter

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