Bologna, 9 October 2009
IMA: real estate transaction
with related party completed
IMA S.p.A., world leader in the production of automatic packaging machines for
pharmaceutical and tea industries, today formalised the sale of the factory situated in
via Emilia 428-442, Ozzano dell’Emilia (Bologna) to Nemo Investimenti S.r.l., a
related party controlled by the Vacchi family. The operation was communicated on
18 September 2009 after approval by IMA’s Board of Directors.
The selling price of the factory complex, 19 million euros, compares with a carrying
amount of about 18 million euros. The disposal will generate a capital gain, gross of
tax and net of selling-related expenses, of about 1 million euros and will reduce net
debt by about 19 million euros.
The loan to Nemo Investimenti was made on a syndicated basis with UniCredit
Corporate Bank acting as the lead bank and Banca di Bologna taking an equal
At the same time as the sale, IMA S.p.A. signed a lease-back contract with Nemo
Investimenti S.r.l. for a period of 18 years, in order to continue its operations in this
factory. This transaction will not have a significant effect on the gross operating
profit (EBITDA) reported in 2009.
This operation is part of the program of property spin-offs that began at the end of
June 2009. The purpose of this program is to gather the financial resources needed by
the Group to continue pursuing its policy of expansion via acquisitions.
Established in 1961, IMA is the world leader in the design and manufacture of automatic machines for the
packaging of pharmaceutical products and of tea in filter bags. The Group has more than 3,000 employees,
more than 1,400 of whom overseas, and can count on 18 production plants in Italy, Germany, the United
Kingdom, the Netherlands, the United States, India and China. IMA has an extensive sales network comprising 10
branches which provide sales and service in France, the United Kingdom, Germany,