Nuburu wins Italian Golden Power clearance for planned 70% Tekne acquisition - BURU News | RalliesNuburu wins Italian Golden Power clearance for planned 70% Tekne acquisition
B
BURU• Italian clearance for Tekne stake purchase
- Nuburu secured Italian government clearance for its planned purchase of a 70% controlling stake in defense contractor Tekne.
- The deal targets closing within 30 days, subject to remaining funding, governance, and closing steps.
- Terms include a capital increase equivalent to about USD 34.1 million for 57.1%, plus about USD 6 million cash for an additional 10%.
- Nuburu has provided about USD 23.7 million in shareholder loans to Tekne, with amounts to be reconciled at closing.
- Tekne has about 180 staff and an updated signed order portfolio with about USD 108.7 million of normalized residual value.
HUHU
•
