With reference to the article published by Milano Finanza on 25 February, the Tapì Group (hereinafter, the “Group”) clarifies that its operating companies, and in particular Tapì S.p.A. and its subsidiaries, and Les Bouchages Delage s.a.s., are operating with full industrial and commercial continuity, confirming a situation of economic balance.

The article contains certain inaccuracies in the economic data reported and a partial representation of the corporate perimeter. In particular, revenues and the net result for the year are conflated; an EBITDA is indicated that does not correspond to the Group’s overall figures, which are positive for the financial year just ended; and insufficient distinction is made between the financial holding company and the operating company.

It should be clarified that there are two legally separate, albeit connected, entities: a financial holding company named SSCP Sunrise Bidco S.p.A. (“SSCP Sunrise Bidco” or the “Financial Holding Company”), and the industrial operating Group. The financial matters referred to in the article concern exclusively the Financial Holding Company, its shareholders and the lenders financing the acquisition completed in 2023, and do not affect the Group’s operational management nor its industrial and commercial activities.

It was in fact SSCP Sunrise Bidco S.p.A. that filed a petition pursuant to Article 44, paragraph 1, of the CCII (Codice della Crisi d’Impresa e dell’Insolvenza), in order to initiate a process to align interests among the parties involved at the holding level and to identify a solution to strengthen the capital structure of SSCP Sunrise BidCo.

The Tapì Group continues its business operations as normal, ensuring full continuity of supplies, compliance with contractual commitments and the implementation of the planned development initiatives.

It is also specified that the Ganau Group is completely unrelated to the events mentioned, as it does not fall within the consolidation scope of SSCP Sunrise Bidco S.p.A.

The Group will continue to monitor the progress of the ongoing discussions at the Financial Holding Company level and will provide further updates if necessary, reaffirming its commitment to ensuring stability, reliability and continuity for its customers and partners.