Angelini Industries to buy P&G's 50% stake in Fameccanica

Angelini Industries signed an agreement with P&G to acquire the remaining 50% of Fameccanica, a factory automation specialist, taking full ownership. The closing is expected in June 2022, subject to antitrust approval.

“With the acquisition of Fameccanica we wish to further invest in a sector which has great growth potential and in which Italy has extraordinary resources.”angeliniindustries.com

• 2 sources
• angeliniindustries.comAngelini Industries signs agreement with P&G To buy 50% and so control 100% of FameccanicaMar 27, 2022
• nonwovensnews.comAngelini takes full control of Fameccanica | Nonwovens NewsHaydn DavisApr 19, 2022

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