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Divestment3 Aug 2026, 05:00 pm

Endurance Technologies completes sale of Italian subsidiary Veicoli Srl

AI Summary

Endurance Technologies Limited announced the completion of the sale of its wholly-owned step-down subsidiary, Veicoli Srl, Italy. This divestment follows the execution of a Share Purchase Agreement by Endurance Overseas SpA, Italy (EOSpA), a wholly-owned subsidiary of Endurance Technologies. The sale was subject to regulatory approvals, which have now been received. Consequently, Veicoli Srl has ceased to be a subsidiary of EOSpA and, by extension, of Endurance Technologies Limited. The company has completed the necessary transfer formalities as of August 3, 2026.

Key Highlights

  • Endurance Technologies has divested its Italian subsidiary, Veicoli Srl.
  • Regulatory approvals for the sale have been successfully obtained.
  • The transaction was completed on August 3, 2026.
  • Veicoli Srl is no longer a subsidiary of Endurance Technologies.