Increasing share capital - Euroslot - the independent voice of the amusement and gambling industry

Increasing share capital

Published: 05 September, 2008

On 24 July, the CUSTOM Group underwrote a substantial increase in share capital, thus purchasing the block of shares held by the majority shareholder of FASY FIN S.p.a. (sub-holding company for the marketing activities of the FASY Group) who had, as of 18 July, already taken over the production facilities in their entirety from FASY S.p.a.

In this way, the entire operational structure of the FASY Group has been united in FASY INTERNATIONAL S.P.A. (the new name of FASY FIN), guaranteeing employment for all of its personnel and the continuation of business. Production, which is continuing at full capacity, will enable the group to execute its large order portfolio, while service and assistance activities to the numerous customers in Italy and abroad will be immediately stepped up, thanks also to the extensive network of dealers spread throughout the territory.

The new Board of Directors of FASY INTERNATIONAL, chaired by Carlo Stradi (formerly President of the CUSTOM Group), is already working on the development of a revival plan that will involve all areas of the company with a view to creating operating synergies and value for the market, for the shareholders and for staff and consultants alike.

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