Europack

Fineurop Soditic acted as financial advisor to Fellifin Holding and investment fund Microcap Italian Holding in the rent and further acquisition of the industrial business of Europack Cables Industries. The Company, based near Ravenna, registered sales of Euro 15 million and it is European leading player in the production and distribution of coaxial and satellite high quality cables. The buyers have agreed to first rent Europack’s business, which was put into receivership at the beginning of the month, with a commitment to buy it at a later stage. The acquirers have enabled the safeguard of all the employees of the Company in Italy and in China. The deal is subject to the approval of the Court, which is expected before year-end.