• Italiano
  • English (UK)

News

Wednesday, 15 February 2017 11:23

Arno 1 signs a binding agreement to sell its shares in Bassilichi S.p.A.

On December 6 , 2016 Arno 1 S.r.l. – 100% owned by MPVenture 2 fund – and other shareholders of Bassilichi S.p.A., holding 92,24% of the share capital, signed a binding agreement to sell their shares to Istituto Centrale delle Banche Popolari S.p.A..
The execution of the transaction is subject to regulatory approval and is expected to close by June 2017.
MPVenture invested in Bassillichi in March 2011 to support the company to increase its presence in the domestic market along the payments value chain and to develop a new offering in the payment systems space.
With the Bassilichi deal, MPVenture 2 fund will close its fourth divestment, with a total cash in/cash out of 1,9x.