Mumtalakat Invests EUR 2 Million in Racing Force's Capital Increase

Ronco Scrivia (GE), June 25th, 2024 – Racing Force S.p.A., the parent company of Racing Force Group, has announced a EUR 2 million investment by Bahrain Mumtalakat Holding Co. B.S.C. This follows a Board of Directors' approval of a capital increase through an accelerated bookbuilding procedure aimed at qualified and institutional investors.

The wholly owned subsidiary of the sovereign wealth fund of Bahrain entered into a binding commitment to subscribe a portion of the capital increase. The Investor also agreed to a 180-day lock-up agreement, enhancing share stability from the settlement date of the placement.

Further detailed information about the capital increase is available in the press release published today, accessible at Borsa Italiana S.p.A., the Company’s registered office, and on Racing Force’s website.