GEVORKYAN, a.s. publicizes the profitable completion of ABB, by way of which it obtained capital for the additional improvement of its manufacturing capacities, technological innovation, and strengthening of its place in worldwide markets, together with investments in robotisation and automation. In step with these aims, the funds raised will likely be used, amongst different issues, to cowl the lately accomplished acquisition in Italy. On the identical time, because of ABB, the corporate elevated its free float on the Prague Inventory Change, which had been repeatedly really helpful by consultants as a crucial situation for rising liquidity.
“We consider ABB to be a logical step for a company that is already listed on the stock exchange, with the aim of supporting business development and thereby increasing value for investors. Once a company decides to enter the stock market through an IPO, it is logical that over time it will also carry out a secondary offering. In our case, we did not want to take such a significant step before an opportunity for a strategic acquisition arose. We had already announced the acquisition of a factory in Bologna, with the key difference compared to previous acquisitions in Sweden and Poland being the preservation of production and the expansion of business in Italy, including projects for the local defence industry. Work on this acquisition lasted almost two years, until an agreement was reached among all parties involved in the process,” says Dipl.-Ing. Artur Gevorkyan, Chairman of the Board of Administrators of the corporate.
Details about the growth of operations on the Italian market has now helped in successful new initiatives, inside which multinational firms are localising their provider networks and transferring initiatives for his or her Italian factories to GEVORKYAN, a.s. The general progress of GEVORKYAN throughout Europe in as we speak’s turbulent interval is in keeping with the corporate’s long-term technique of bringing certainty to prospects by strengthening its place as a neighborhood provider with a powerful improvement base.
GEVORKYAN, a.s. wish to categorical its gratitude to HAVEL & PARTNERS s.r.o., WOOD & Firm and Allen Overy Shearman Sterling (Czech Republic) LLP for his or her knowledgeable recommendation, skilled method and cooperation throughout the realization of ABB.
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About GEVORKYAN
GEVORKYAN, a.s. is a number one European firm in powder metallurgy, a world provider to main multinational companies and one of the vital progressive firms within the sector worldwide. Extra info is out there at https://gevorkyan.eu/en/.
Disclaimer:The shares of GEVORKYAN, a.s. haven’t been registered beneath the U.S. Securities Act of 1933, as amended (the “Securities Act”), and is probably not provided or offered in america absent registration beneath the Securities Act or an relevant exemption from such registration necessities.
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