Cy4Gate has announced that it has received formal communication from the Prime Minister that there is no impediment to the company’s acquisition of 100% of the Aurora group in terms of golden power. “Since the completion of the transaction is subject to the occurrence of some usual conditions precedent for such transactions, the most significant of which was the obtainment of the aforementioned authorization pursuant to the legislation on special powers, on 31 December Cy4Gate officially notified the Presidency of the Council of Ministers the start of the operation “, reads the statement.
With this ruling, the competent Authority therefore sanctioned that, in light of the overall modalities with which the operation will take place, it is believed that the same is not such as to cause any threat of serious prejudice to the essential interests of defense and security. national, neither current nor potential. The authorization, therefore, removes a significant condition precedent and allows the company to proceed with the preparatory activities for the capital increase, which has already been authorized by the extraordinary assembly of Cy4Gate.