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MAY 26 2016
Tags: governance

TAS GROUP: NEW GOVERNANCE FOR STRENGTHENING THE GROUP

On May 16, as part of a strengthening operation of the TAS capitalization, the club deal of major investors, including the Chairman Dario Pardi and the CEO/Managing Director Valentino Bravi, who had initiated talks with the TAS property last year, has finalized the acquisition of control of the company. An agreement has been signed by all parties involved, including the lending banks, whose effective date is only conditional upon receipt by Consob Authority of a measure exempting OPA (TAS is a listed company on the Milan Stock Exchange).

Green light and papers in order, therefore, for the relaunch of the Group with adequate financial resources and new and renewed commitment to the strategic repositioning on both established markets, and those target markets of the new three-year Industrial Plan shared with stakeholders.

The entire management team of the parent company, together with the country managers of the TAS Group subsidiaries, is already highly concentrated on the objectives of the new governance and determined to seize the opportunities of this healthy moment of transition, to facilitate the positive change of control process in place. Follow us in the coming weeks for more official market communications, which will increase in frequency in the near future.