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Gpi: starts exclusive negotiations with Zucchetti for Argentea sale

Milan, Feb. 5, 2024 – The Board of Directors of Gpi, taking into account the binding offers received regarding the valorization of its subsidiary Argentea, has decided to start exclusive negotiations with Zucchetti for the sale of its subsidiary. The offer received from Zucchetti, informs a note, testifies how two important Italian industrial entities, although operating in distinct sectors, can find convergences that allow both an important opportunity for growth and development.

The two companies are working with their consultants and collaborators to reach the completion of the transaction hopefully by the first quarter of 2024. The cash that will result from the valorization of Argentea will allow Gpi to consolidate the Group’s strategy of increasing focus on the development of software for digital transformation and sustainability of healthcare systems, in Italy and abroad, with simultaneous capital and financial strengthening for the benefit of shareholders.

In the Argentea valorization process, Gpi is assisted by Equita as financial advisor, EY Parthenon as industrial advisor and the law firm Pavia e Ansaldo as legal advisor, with a team composed of partners Vittorio Loi and Paola Carlotti, as well as associates Fabio Lui and Riccardo Robuschi.