(Alliance News) - Valica Spa has announced that shareholders have delegated the company's board to carry out a capital increase of up to EUR7.0 million.

Emiliano D'Andrea, CEO of Valica, said, "The ability to raise additional financial resources through the proxy instrument will allow for expanded opportunities for extraordinary transactions, thus contributing to faster and more sustainable growth."

"The approval of this proxy will allow the board to act promptly and flexibly to enhance our financial capacity."

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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