Glenalta to acquire 10.4% stake in CFT Group via reverse takeover

SPAC Glenalta has approved a business combination with CFT Group, a designer and manufacturer of food & beverage processing and packaging machinery. Glenalta will use €10 million to acquire a 10.4% stake from existing shareholders and €88 million to fund CFT's development.

“La spac lanciata da Luca Giacometti ha infatti approvato la business combination con CFT.”financecommunity.it

• 1 source
• financecommunity.itGlenalta trova la target, è il gruppo Cft - FinancecommunityNoemiFeb 28, 2018

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