PLC’s board of directors has approved a capital increase against contribution in kind of 49% of Monsson Operation Ltd.
Monsson Operation Ltd current minority shareholders, amongst whom are four current Monsson’s manager, will therefore become shareholders of PLC S.p.A with an overall stake equal to 7,5%. The contribution in kind is still subject to the formal approval by PLC’s general shareholder meeting to be held on 31 July.
The acquisition of 100% of Monsson Operation Ltd, is a further step in in the international expansion of PLC S.p.A. It will enable the consolidation of our growth strategy in the O&M business and strengthen our diversification.