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EMZ participates in the ownerhsip increase of the Dmitrieff family in the share capital of CNIM

EMZ participates in the ownerhsip increase of the Dmitrieff family in the share capital of CNIM

EMZ has arranged and underwritten a mezzanine financing in order to fund the increase in ownership in the listed group CNIM by the Dmitrieff family

CNIM operates 3 business units: the construction and operation of waste-to-energy plants, the outsourced R&D in sectors with high technological content (dissuasion and nuclear energy) as well as the equipment and maintenance services for medium- to high-power thermal installations. In 2013, the group posted an Ebitda of €53.4 million on sales of €782 million.

The Dmitrieff family, historical family shareholder of the group, has seized the opportunity to increase ownership in the share capital of CNIM by buying out 2 minority stakes, bringing ownership up from 27.5% to 56.3%. The resulting transfer of control has required the launch of a public offering on 100% of the group’s shares in September 2014.