The Salcef Group S.p.A. has increased capital through the subscription of 2.8 million warrants by majority shareholder Finhold.

The capital growth of the Salcef Group S.p.A., the Salcef Group holding company listed on the MTA market of the Italian Stock Exchange, amounts to 29.75 million euros.

The increase further strengthens the company’s capital and can be used for growth and development projects in the strategic railway industry sector in Italy and abroad.

Since the listing, which took place on the AIM market in November 2019, the company has created considerable value for shareholders, also due to the effect of the extraordinary operations already completed with capital initially raised on the market. This further step will ensure new resources for business development and fully exploit the potential of a period that promises to be rich in development opportunities for the railway sector, given the growing investments in sustainable mobility.

Valeriano Salciccia, Salcef Group CEO and Finhold legal representative, commented, “We felt that this was the most appropriate time for the conversion of the warrants, to make additional capital available to the Salcef Group and to produce concrete results for all the shareholders who believed in the listing project and shared this opportunity with us. We would like to thank Banco BPM who supported Finhold in financing the operation “.