VARVEL GROUP BECOMES STRONGER WITH THE ENTRY OF A MAJORITY SHAREHOLDER: THE ILLIMITY CREDIT & CORPORATE TURNAROUND FUND
The “illimity Credit & Corporate Turnaround Fund”, managed by illimity SGR S.p.A., has acquired a 54% stake in Varvel S.p.A.
The “illimity Credit & Corporate Turnaround Fund”, managed by illimity SGR S.p.A., has acquired a 54% stake in Varvel S.p.A.
The Varvel Group faced the difficulties and market instability with a constructive approach. Everyone’s hard work and commitment paid off as outstanding results have been achieved.
The first half of 2022 was the best ever for Varvel, with turnover up +17.6% compared to 2021.
Varvel Group joins the Newskin project, funded by the European Union.
The first half of the year ended well for Varvel with +46% orders over the first half of 2020 and +15% over the same period of 2019.