EMEIS Terminates Long-Standing Partnerships with Mr. Tribuno

EMEIS has finalized an agreement with Mr. Tribuno, effectively ending a business partnership that originated in the early 2000s. This contract also resolves any disputes between EMEIS and Mr. Tribuno, as well as his directly or indirectly owned companies.

Under this agreement, EMEIS acquired companies previously owned by Lipany S.A. and Rodevita S.A., which hold properties and operational assets in Italy, primarily nursing homes. This acquisition includes the full share capital and voting rights of 17 companies based in Italy, Luxembourg, and Germany, though Lipany S.A. and Rodevita entities are excluded from the consolidation scope.

Upon completion, EMEIS will possess a portfolio of 15 buildings, predominantly nursing homes, along with operational control of seven Italian nursing homes and a clinic. The total value of these assets is estimated at €110 million, alongside an external financial debt of approximately €130 million. EMEIS has stated that no additional provisions are necessary given the provisions already recorded in 2022 and 2023.