ESGL (US:ESGL) Globenewswire·2025-03-04 13:30Core Viewpoint - ESGL Holdings Limited has agreed to acquire De Tomaso Automobili, aiming to enhance shareholder value and create a strategic partnership for future growth [2][4]. Group 1: Transaction Details - The acquisition involves ESGL acquiring the entire issued share capital of De Tomaso Automobili in exchange for newly issued ordinary shares of ESGL, subject to certain closing conditions [1][4]. - The transaction has been unanimously approved by the directors of both companies and is expected to close in the second quarter of 2025, pending necessary approvals [4]. Group 2: Strategic Highlights - The partnership is expected to leverage ESGL's expertise in low-impact manufacturing to enhance De Tomaso Automobili's vehicle production and expand its global market presence [5]. - Both companies believe the transaction will strengthen their financial positioning, unlock long-term value for investors, and accelerate growth opportunities [8]. Group 3: Company Backgrounds - De Tomaso Automobili is a renowned Italian high-performance automotive brand with a legacy of over 65 years, known for luxury and exceptional performance [6]. - ESGL Holdings Limited is a Singapore-based carbon-neutral enviro-tech company focused on transforming spent industrial chemicals into sustainable circular products [7].