ROME -- 05/13/08 --
The Board of Directors of Finmeccanica has decided to enter the
shareholding of Eurotech through the acquisition of around 11.1%
of the Company's share capital - equivalent to 3,936,461 shares -
from a number of the company's founders (Dino Feragotto, Roberto
Chiandussi, Giorgio Pezzulli) at a price of EUR 4.60 per share.
Finmeccanica will also sign a shareholder agreement with the
current management of Eurotech - Chairman Roberto Siagri, Vice
Chairman Massimo Mauri and Chief Technical Officer Giampietro
Tecchiolli ("Manager Shareholders") - who today hold around 10.7%
of the share capital of the Company. The agreement will be
communicated to the appropriate authorities and to the market in
accordance with the terms foreseen by current regulations.
The entrance into Eurotech's share capital will reinforce the
strategic partnership initiated in July 2006 by means of an
agreement for commercial and scientific cooperation, and will
permit a further deepening of relations between the two Groups,
particularly given the progress made by Eurotech in the
development of innovative products as well as significant growth
in new geographic areas of strategic importance to Finmeccanica
such as the United States and Japan.
The operation is subject to the approval by the relevant
regulatory authorities. Finmeccanica is assisted by Mediobanca, as
financial advisor for the transaction.
FINMECCANICA S.p.A.
Finmeccanica (FNC.MI) is the main Italian group in the high
technology sector, leader in the design and production of civil
and military aircraft, aerostructures, helicopters, satellites,
space infrastructure, missiles and defence electronics.
Finmeccanica has a top level role in the European aerospace and
defence industry, and is present in the major international
programmes in the sector thanks to its consolidated partnerships
in Europe and the USA. The Group also boasts productive assets and
consolidated competencies in the transport and energy sectors.
Finmeccanica, listed on the Milan stock exchange, operates in
Italy and abroad through subsidiaries and joint ventures, with a
consolidated total of 60,000 employees of whom 10,000 are in the
UK, 3,500 in France and 2,000 in the USA. In order to maintain and
develop its technological competencies, Finmeccanica commits
resources equivalent to 14% of revenues to Research and
Development.
EUROTECH S.p.A.
Eurotech (ETH.MI), established in 1992, is a leading company in
the research, development, production and sale of miniaturised
computers (NanoPCs) and high performance computing (HPC)
computers. Eurotech offers a complete range of products and
services of the highest technology to customers operating in the
aerospace, transport, security and manufacturing sectors. The
Eurotech Group has its head office in Italy and is present in the
USA, France, the United Kingdom, Finland, Japan, Germany and
China, employing around 620 people with pro-forma revenues for
2007 of approximately EUR 100 million.
For further information:
FINMECCANICA Press Office
tel: +39 06 32473 313
fax: +39 06 3265 7170
e-mail: ufficiostampa@finmeccanica.com
EUROTECH Press Office
tel: +39 0433.485435
fax: +39 0433.485455
e-mail: c.dellazonca@eurotech.com
www.finmeccanica.com
www.eurotech.com
This information is provided by HUGIN
