(Alliance News) - After the business combination with Industrial Stars of Italy 4 Spa, car rental operator Sicily by Car Spa landed on the Stock Exchange on Thursday.

The company has a fleet of about 13,000 vehicles and boasts a network in Italy of more than 55 rental offices, with presidium at airports and a widespread presence in the cities with the greatest tourist vocation. The group has also launched an international expansion program under the SbC Europe brand.

Tommaso Dragotto, founder, president and CEO of Sicily by Car, said, "On the 60th anniversary of its founding, the listing on the Italian Stock Exchange marks the entry into a new corporate era where innovation and internationalization become the pivots of our development on which to invest with determination and perseverance. Sicily by Car takes a momentous step and opens up to new horizons, strengthening its solidity thanks to new financial resources and an increasingly capillary and structured organization."

"We have chosen the stock market to allow a wide audience of Italian and foreign investors to support and share the ambitious goal of national and international expansion in a sector characterized by high growth potential. We have made a commitment to all those who have put their trust in us and we want to keep it by pursuing a path oriented toward value creation, supported by the adoption of a dividend policy, and sustainability, an element that has distinguished us for years. I would like to thank the members of Industrial Stars of Italy 4 and the entire Sicily by Car team, whose expertise and dedication have made it possible to achieve these milestones."

Sicily by Car's stock is down 4.3 percent at EUR9.568 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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