There was a mistake as regards the purchase price in our report of 9 August, which predated by two days the official announcement by Terex Corporation that it had made an agreement to buy Fantuzzi group.
In its own annoucement of 11 August, Terex states that the total consideration is around E215M, not E250M as we stated on 9 August.
Terex has confirmed that it has assumed responsibility for the last tranche of the Bond (E55M) that was due for repayment in July. It is still not clear whether that is included in the purchase consideration, but we think it is separate.
One thing that Terex has confirmed is that Mr Luciano Fantuzzi is staying with the business on a consulting basis, although the period has not been disclosed.
