On May 2nd Palamon Capital Partners exercised its right to buy from Il Sole 24 Ore another 2% of Business School24 spa for a 1.6 million euros price (see here the press release).
The stake of Il Sole 24 Ore in its business school goes down to 49% from 51% as it was already stated in the agreement signed last august with Palamon Capital (see here a previous post by BeBeez) and finalized last November (see here the press release).
Back then Il Sole 24 Ore had cashed in 36.7 million euros as a first tranche of the entire 40.8 million euros price, while the remaining 4.1 millions would be cashed in by 2023.
In the same day May 2nd, the general meeting of Business School24’s shareholders gave mandate to a new Board of Executives Directors which will include: Giorgio Fossa (chairman), Fabio Massimo Giuseppetti, Maurizio Santacroce (ceo), Julian Eduardo Carreras, Ettore Scandale, Franco Moscetti and Salvatore Lo Giudice.
