Aminvestco announces “a reduction in its production levels and a temporary slowdown in its investment plans”. The measures “will be in force as long as Invitalia does not fulfill the commitments made with the investment agreement”. It can be read in a note from the company.
«To date – reads the information – Invitalia has not yet subscribed and paid its share of capital and therefore has not fulfilled the obligations under the agreement» which Aminvesto defines as «of a binding nature». The “persistent non-compliance is seriously compromising the sustainability and prospects of the company and employees”.
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The agreement of 10 December
Aminvestco refers to the Investment Agreement signed with Invitalia on 10 December 2020 which provides for the commitment of Invitalia to subscribe and pay a capital increase of 400 million euros by 5 February 2021 and a series of other measures to support investments of society.