TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

Ideanomics to increase its ownership stake in Energica by another 50%

by souhaib
September 15, 2021
in Economie
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


Ideanomics Inc (NASDAQ: IDEX) has entered into an agreement to launch a voluntary conditional tender offer in concert with the Founders of Energica for shares of Energica Motor Company, the U.S. firm said in a press release on Wednesday.

Upon meeting customary closing conditions, including regulatory approval, Ideanomics will own roughly 70% of the Italian manufacturer of high-performance electric motorcycles. Energica Founders will continue to own the remaining 29% of the company.

Ideanomics’ currently owns 20% of Energica


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

The announcement marks a sharp increase in Ideanomics’ ownership stake in Energica that currently stands at 20%.

Increasing its investment in the Italian firm will help Ideanomics expand its global footprint in the EV industry, particularly in the high-performance electric motorcycles market, which is estimated to note a compound annual growth rate of more than 35% from 2019 to 2024.

“With exceptional management and a full range of innovative zero-emissions products already in market, we believe Energica can benefit strongly from Ideanomics Capital’s resources, transforming their growth trajectory and positioning them as a global leader in the electric motorcycle market,” Ideanomics CEO Alf Poor said in a statement.

Legal advisors for both companies

Ideanomics picked Venable LLP and Greco Vitali e Associati as its legal advisors. Nctm served the role for Energica.

The Italian firm saw a close to 100% growth in sales last year, followed by its “largest order to date” in H1 of 2021, helping quick expansion not just in Europe but also in AMEA (Asia, the Middle East and Africa).

“Ideanomics provides access to a synergistic network of innovative companies addressing global challenges within the zero-emission transportation segment. We look forward to continued growth, innovation and collaboration within the Ideanomics ecosystem,” Energica CEO Livia Cevolini said in a statement.

Invest in crypto, stocks, ETFs & more in minutes with our preferred broker,

eToro






10/10

67% of retail CFD accounts lose money



Source link

You might also like

‘momentum is continuing into 2022’

Astra Space stock closed down 20% on Monday: here’s why

Ripple, Dogecoin, Litecoin price forecast for February 2022

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

Leonardo, director of Paris Saint-Germain: I don’t think Mbappe will leave at the end of the season

Next Post

MATIC could rebound by about 30% soon 2021

souhaib

Recommended For You

‘momentum is continuing into 2022’

by souhaib
February 7, 2022
0

Shares of Chegg Inc (NYSE: CHGG) are up 10% in extended trading on Monday after the student services company said it performed better-than-expected in Q4, despite COVID-19 uncertainty....

Read more

Astra Space stock closed down 20% on Monday: here’s why

by souhaib
February 7, 2022
0

Read more

Ripple, Dogecoin, Litecoin price forecast for February 2022

by souhaib
February 7, 2022
0

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD. Bitcoin is trading above the $44,000...

Read more

Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

by souhaib
February 7, 2022
0

Read more

Should I buy Uber shares in February 2022?

by souhaib
February 7, 2022
0

Uber Technologies, Inc. (NYSE: UBER) will announce fourth-quarter earnings results this Wednesday, February 09, after the market closes. Uber shares have weakened more than 10% since the beginning...

Read more
Next Post

MATIC could rebound by about 30% soon 2021

No Result
View All Result

Recent Posts

  • The euro stands above 1.07 dollars By EFE
  • Paul Pogba, Aurelien Tchouameni and Eric Dier watch Miami Heat’s Game 5 NBA loss to Boston Celtics
  • ‘Goodfellas’ actor Ray Liotta dies at 67
  • Public purchases of medicines: more sustainability, more health
  • His family failed to obtain any information about him.. News that a former Egyptian minister had a stroke in his prison | Hurriyet News

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.