Update on investment programme for the subsidiary P2P S.r.l.
San Potito Sannitico - October 28, 2024
With reference to the recent news reported by the media, Seri Industrial S.p.A. informs that following the meeting held on October 24, 2024, at the MIMIT, the subsidiary P2P S.r.l. has confirmed its intention to initiate the investment plan.
This plan will be adjusted based on the indications received, confirming the overall request for euro 82 million (as per the agreement signed in June 2023) for non repayable grants and subsidised loans against the euro 109 million of planned investments.
Preparatory activities for the initiation of investments will be immediately launched, and binding agreements with suppliers will be defined in order to decisively accelerate the implementation of the project.
SERI Industrial Company contacts:
Investor Relations and Press Office: Tel .+3908231442200 - Marco Civitillo comunicazione@serihg.com
investor.relations@serihg.com
Website:www.seri-industrial.it|www.p2psrl.it
Seri Industrial S.p.A. is a company listed on the EXM market of the Italian Stock Exchange. Seri Industrial's mission is to accelerate the energy transition towards sustainability and decarbonisation.
The Group operates through three companies: (i) Seri Plast, active in the production and recycling of plastic materials for the battery, automotive, packaging and hydro-thermo-sanitary markets; (ii) FIB, active, through the FAAM brand, in the production and recycling of lead and lithium batteries for traction, industrial, storage and military applications, as well as in the design of battery recycling plants; (iii) Menarini, the only Italian company active in the production of public transport vehicles (under the Menarini brand), with a particular focus on the transition to sustainable mobility through the development of electric vehicles.