On Monday, Italy's state-owned bad loan manager, AMCO, announced its plan to purchase 80% of the public credit management company Exacta Group from Eulero Capital and the Oreglia founding family. This acquisition aligns with AMCO's strategic objective of exploring new opportunities in the public sector.
By acquiring Exacta, a company specializing in recovering unpaid taxes for local public administrations, AMCO aims to enhance its operational capabilities without duplicating services but in line with its core activities, according to a statement.
The undisclosed financial transaction will be entirely cash-financed without third-party involvement and is slated for finalization by June. The founders and managers will retain the remaining 20% of Exacta, ensuring continuity for the business group.