One Tech Holding group, which specializes in automotive, energy, industrial and telecommunications sectors, recently signed a share sale agreement under which the group will sell its entire 65.39% stake in its pharmaceutical primary packaging subsidiary Helioflex.
The amount of the sale, which was approved by the Board of Directors on May 26, was not disclosed. It “is a strategic decision that reflects the Group’s intention to concentrate its resources on its core activities and thus strengthen its regional positioning in cutting-edge, high-growth sectors, in particular in electronics in all sectors, and in particular in the automotive sector via electric cars and IOT,” according to a press release issued by the Sellami family group,
The sale agreement has been signed with Aluflexpack AG, one of Europe’s leading manufacturers of high-end circular flexible packaging and barrier solutions, for the acquisition of a 68% stake in Helioflex.
