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IVS Group acquires Time Vending

Chef Express (Cremonini) sells 50% and reinvests in the vending machine holding company

IVS Group informs that has acquired the 50% interest in Time Vending S.r.l. owned by Chef Express S.p.A. (Cremonini Group), of which IVS Italia S.p.A. already owned 50%, and so reaching 100%.The value of the transaction, including Time Vending positive net financial position, is equal to Euro 7,385 million.At the same time, Chef Express will reinvest the sale proceeds by acquiring n. 1,309,397 IVS...

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EFA News - European Food Agency
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