Accelero Capital, the investment and management group, announced today that it has acquired the ownership interest of its largest shareholder, Orascom TMT Investments (“OTMTI”), in a management buyout.
In addition to the changes in Accelero Capital’s ownership structure, the transaction also includes the discontinuation of the management of certain assets that Accelero Capital provided management, consultancy and advisory services to.
Italiaonline S.p.A. (the “Company”) announces that today Khaled Bichara, co-founder of Accelero Capital, has resigned from his offices of Chairman and member of the Board of Directors of Italiaonline S.p.A., to undertake a new entrepreneurial path, having completed the management buyout of Accelero Capital from OTMTI. Khaled Bichara informed the Company that his new professional commitments will not allow him to devote the necessary time to the diligent performance of his duties at Italiaonline.
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