Siili Solutions Plc has increased its ownership in its Hungarian subsidiary Supercharge
Siili Solutions Plc Press release 30 May 2024 at 15:00 EEST
Siili Solutions Plc (“Siili” or “company”) has today, 30 May 2024, completed a transaction that increased Siili's ownership in its Hungarian subsidiary Supercharge Kft to 70%. Before the transaction, Siili's ownership in Supercharge Kft was 55%.
The shares were acquired from Supercharge Holding Zrt in accordance with the mechanism agreed upon in Supercharge Kft’s shareholder agreement. Further, according to the shareholders’ agreement, the parties have the right to complete a transaction on the remaining 30% of Supercharge Kft shares in tranches during 2025–2026.
The purchase price of the shares was approximately 4,2 million euros, which includes about 0,5 million euros as compensation from Supercharge Kft’s net cash. The purchase price was paid in full in cash from the company's cash reserves
Further information
CEO Tomi Pienimäki
Tel: +358 40 834 1399, email: tomi.pienimaki(at)siili.com
Distribution
Main media
www.siili.com/en
Siili Solutions in brief
Siili Solutions Plc is a unique combination of a digital agency and a technology powerhouse. We believe in human-centricity in everything we deliver. Siili is the go-to partner for clients seeking growth, efficiency and competitive advantage through digital transformation. Siili has offices in Finland, Germany, Poland, Hungary, Netherlands, United Kingdom, Austria and USA. Siili Solutions Plc shares are listed on Nasdaq Helsinki Ltd. Siili has grown profitably since it was founded in 2005. www.siili.com
