Sympak Group - Management buys 45 percent of shares

Following a capital increase of 10 million Euros, the company Korda srl, founded by Sympak group executives, now has 45 percent stake in the packaging machines group. The operation is effective end of December 2003 and follows the partial disengagement of private equity investor Morningside from the European market. In 2003, the Sympak Group achieved a turnover of 140 million Euros, up by 22 percent on the 2002 figure.