The latest update is out from ESGL Holdings ( (ESGL) ).
On February 26, 2025, ESGL Holdings Limited entered into a share purchase agreement to acquire De Tomaso Automobili Holdings Limited, a high-end ultra-luxury automotive group. The acquisition, valued at $1.03 billion, will be paid in newly issued ordinary shares of ESGL, making De Tomaso a wholly-owned subsidiary of ESGL. This strategic move is expected to enhance ESGL’s market positioning by diversifying its portfolio into the luxury automotive sector. The closing of the acquisition is anticipated by May 31, 2025, subject to various conditions including performance targets for De Tomaso’s vehicle deliveries in 2025 and 2026.
More about ESGL Holdings
ESGL Holdings Limited is a company primarily engaged in the collection and recycling of industrial waste into sustainable circular economy products. The company is listed on the Nasdaq Capital Market under the symbol ‘ESGL’.
YTD Price Performance: -24.24%
Average Trading Volume: 11,244
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $40.61M
For an in-depth examination of ESGL stock, go to TipRanks’ Stock Analysis page.