(Alliance News) - The board of directors of Ecosuntek Spa on Tuesday approved the transaction between its subsidiary Eco Trade S.r.l. and its related company Fin.Doc. S.r.l. involving the purchase and sale of the company's shareholding and shareholder credit in En. Doc. S.r.l., specifying that this approval constitutes, as well, prior approval of the related party transaction put in place by the subsidiary.

The transaction consists in the purchase by Eco Trade S.r.l. of the entire corporate interest held by Fin.Doc S.r.l. in En.Doc S.r.l., equal to 50% of its share capital, and the credit accrued by Fin. Doc. S.r.l. to En.Doc. S.r.l. as a shareholder loan, for a total countervalue of EUR3.0 million.

Ecosuntek closed Tuesday's session in the green by 5.0 percent at EUR20.90 per share.

By Maurizio Carta, Alliance News reporter

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