Ima acquires 70% stake in Mai for $7.7 million

Ima, an Italian packaging machinery multinational, signed an agreement to acquire a 70% stake in Mai, an Argentine tea packaging machinery company, for $7.7 million. The closing is expected in early 2017.

“Ima, multinazionale bolognese del packaging, ha siglato un accordo per l'acquisizione di una partecipazione del 70% in Mai.”ansa.it

• 2 sources
• ansa.itPackaging: Ima acquista 70% Mai - Notizie - Ansa.itRedazione ANSADec 28, 2016
• comunicaffe.comIMA: agreement signed for the acquisition of a stake in MAI S.A.Desk3Jan 8, 2017

Summarized from public sources; check the original articles before acting on it.