Glenalta combines business with CFT via reverse takeover

Glenalta, a special purpose acquisition company, combined its business with CFT, a manufacturer of food processing and packaging machines, through a reverse takeover. CFT's shares became listed on AIM Italia, and Glenalta will spend approximately EUR 88 million on CFT's development.

“Following the Transaction performed through reverse takeover, CFT's shares became listed on the Italian Alternative Investment Market (AIM Italia) with a free float equal to approximately 51.51% of CFT's share capital.”mondaq.com

• 2 sources
• mondaq.comSayenko Kharenko advised Glenalta on combination of its business with CFT - Corporate and Company Law - UkraineSayenko KharenkoJul 5, 2018
• edisongroup.comCFT — Food for thought - Edison GroupNov 19, 2018

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