GPP

Fineurop Soditic acted as financial advisor to Argos Soditic in the sale of a majority stake in GPP Industrie Grafiche S.p.A. to 21 Investimenti. This secondary buy out has been valued at around Euro 40 million. GPP, headquartered in the outskirts of Milan, is one of the main cardboard packaging companies in Italy with an increasing market presence in Europe. The Group produces packaging, displays, graphic advertisement, posters and visual communication. GPP currently employs around 220 people and it is expected to post 2008 sales of Euro 50 million in 2007, with an adjusted EBITDA margin of around 14-15%.