(Finance) – Executea company listed on Euronext Growth Milan and operating in the social selling sector, has signed a letter of intent for the subsequent definition of agreements with the respective shareholders for theacquisition of a controlling stake in the ZCA Digital companyoperating in the sector of technological innovation applied to business processes.
The operation will allow the group to develop the characteristic businessexpanding its range of products and services offered, with the aim of increasing revenues through the creation of economies of scope on its target customers (cross sell and up sell).
ZCA was born from fusion finalized last December 10, 2024 between Sinergidea and Zero Carbon Auditformerly a related part of Execus. As a result of the aforementioned merger operation, in consideration of the dilution of the shareholding held by Lorenzo Lomartire, president of Execus, ZCA is no longer a related party of Execus.
The transaction is structured (i) in the expected acquisition by Execus of a controlling share equal to 51% of the share capital of ZCA, and (ii) in the expected granting to Execus, by the ZCA shareholders, of a call option concerning the residual shareholding equal to 49% of the share capital of ZCA.
The acquisition would take place through the resolution of a capital increase of Execus reserved for ZCA shareholders to be subscribed through the contribution of shares of ZCA Digital held by ZCA Digital shareholders by the latter corresponding to 51% of the capital of ZCA Digital, and as a result of the achievement by Execus of a controlling interest in ZCA through the issue of new Execus ordinary shares valued at the unit price of 1.43 euros per share, corresponding to the average price market share of Execus in the last 12 months. The parties have determined the value of the shareholding being contributed in 600,000 euros.