(Alliance News) - Fincantieri Spa announced on Monday the payment of the variable price component relating to the acquisition of Leonardo Spa's "Underwater Armaments & Systems" business line.
Under the agreement, the variable component relating to the growth targets of the UAS line in 2024 has been identified. Thus, the maximum value of the variable price for a total enterprise value, including the fixed price component paid in January, has been recognized at EUR415 million.
On Monday, Fincantieri closed up 4.6% at EUR16.35 per share, while Leonardo rose 2.5% to EUR47.78 per share.
By Claudia Cavaliere, Alliance News reporter
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