El.En. completes sale of 80% stake in Cutlite to TRUMPF
Bitget2026/11/05 18:13- El.En. completed the sale of 80% of laser-cutting business Cutlite to TRUMPF on November 5, 2026, implementing the August 7 agreement.
- Maximum consideration is approximately EUR 21 million, including approximately EUR 13 million paid in cash at closing.
- The remaining consideration will depend on financial results as of December 31, 2029, subject to contractual price adjustments.
- The group retains a 20% stake for three years; Cutlite leaves its full consolidation perimeter at closing.
- An approximately EUR 4 million loss is expected; deconsolidation removes approximately EUR 24 million in net financial debt at June 30, 2026.
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