Directa Plus has entered a €1 million loan agreement with Nant Capital LLC. The funding will be used to complete the final payment for the acquisition of Setcar SA. Directa Plus previously agreed to buy a stake in Setcar, the group's environmental services subsidiary, for €1.5 million, which took Directa Plus' holding to just under 100%.
Nant is owned by Patrick Soon-Shiong, and together with Soon-Shiong it holds 28.73% of the share capital of Directa Plus.
Founder & Chief Executive Giulio Cesareo: "The board is delighted to have received the support of our major shareholder, Nant Capital, in funding the second tranche of the Setcar acquisition. This is a very exciting opportunity for Directa Plus and will enable us to further capitalize upon the significant opportunities in our growing Environmental Remediation division and to capture greater value."