(Finance) – SG Companya company active in the Entertainment & Communication sector and listed on Euronext Growth Milan, ha completed the purchase of 51% of the share capital of Mission to Heart (MiTH), a company with di Roma specialized in integrated communication strategies between the physical and digital world. MiTH at 31 December 2021 achieved a turnover of approximately 500,000 euros. The acquisition, announced on May 17, allows for a further expansion of the product portfolio and is complementary to the group structure.
THE economic terms are unchanged than what has already been specified. SG Company SB acquires 25.5% of the share capital of MiTH through the subscription and payment of a paid share capital increase reserved for it and the remaining 25.5% through the direct purchase of the shareholdings from the shareholders. The determination of the price of the sale is anchored to the value of the NFP as of June 30, 2022 with the closing of the half-yearly financial statements of MiTH and the total value will then be paid within 10 days.