KME Group SpA Registered Office: 20121 Milan (MI) Foro Buonaparte, 44 Share Capital: Euro 200,154,177.66 fully paid-in
Milan Company Register - Tax I.D. Nr. 00931330583 www itkgroup.it
PRESS RELEASE KME GROUP SPA: SIGNING OF THE DEFINITIVE AGREEMENT WITH PARAGON TO BUYBACK CUNOVAMilan, April 2nd, 2026 - KME Group announces that today its controlled company KME SE ("KME") signed the definitive agreement with The Paragon Fund III GmbH & Co. geschlossene Investment KG (hereinafter "Paragon") to buyback its 55% indirect participation in Cunova GmbH ("Cunova"), in which KME currently holds a 45% shareholding.
This represents the last step of the complex transaction already announced in the press releases dated December 23, 2025, and March 25, 2026, that includes the partnership agreement with an affiliate of Apollo Global Management Ltd., to create a leading, fully integrated industrial player in "mission critical" copper-based specialty products.
The agreement with Paragon provides for a consideration of EUR 43.5 million that will be paid in cash at closing, plus a preferred equity with a minimum buyback price of EUR 52.0 million, in case of liquidity event.
As already announced, the closing of the transaction - subject to receipt of clearance by the relevant authorities
- is expected to take place within first half 2026.
* * *The press release is available on the Company's website, www.itkgroup.it. Additional information may be directly requested from the Company (telephone number +39.02.806291; e.mail: info@itk.it) and through the "eMarket STORAGE" system at the address: www.emarketstorage.it.