Don’t miss the latest developments in business and finance.

Varroc Engineering acquires balance equity stake in TRI.O.M. S.p.A.

Image
Capital Market
Last Updated : Aug 04 2018 | 10:16 AM IST

Through wholly owned subsidiary - Aries Mentor Holding B.V., Netherland

Varroc Engineering announced that its wholly owned subsidiary - Aries Mentor Holding B.V., Netherland has acquired 6,60,114 shares of TRI.O.M. S.p.A. from the existing minority shareholder Alessio Caputo on 03 August 2018 resulting increase in shareholding of Aries Mentor Holding B.V., The Netherlands in TRI.O.M. S.p.A. Italy to 100%.

Consequently, TRI.O.M. S.p.A. Italy has become wholly owned step-down subsidiary of the Company.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Aug 04 2018 | 10:03 AM IST

Next Story