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17th listing of 2023 on Euronext Growth Milan
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Sicily by Car lists through a business combination transaction with SPAC Industrial Stars of Italy 4 S.p.A, and it brings the total number of firms listed on Euronext Growth Milan to 196
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38th listing on Euronext in 2023
Milan – 3 August 2023 – Borsa Italiana, part of the Euronext Group, today congratulates Sicily by Car on its listing on Euronext Growth Milan.
Sicily by Car is one of the main operators in Italy in the short-term car rental sector, born from an idea of Tommaso Dragotto in 1963. The company has a fleet of approximately 13,000 vehicles and boasts a network of over 55 rental offices, maintaining offices at airports and across major tourist destinations throughout Italy. The Group has also launched an international expansion programme with the SbC Europe brand.
The listing of Sicily by Car is the result of the business combination transaction with the Special Purpose Acquisition Company (SPAC) Industrial Stars of Italy 4 S.p.A., listed on Euronext Growth Milan since July 2021, and promoted by Giovanni Cavallini, Attilio Arietti, Davide Milano and Enrico Arietti.
Sicily by Car represents the 17th listing this year on Borsa Italiana’s market dedicated to small and medium-sized companies, bringing the total number of firms currently listed on Euronext Growth Milan to 196. It is the 38th listing this year on Euronext.
Tommaso Dragotto, Founder and Chairman of Sicily by Car, said: "On the 60th anniversary of its founding, the listing on Euronext Growth Milan marks for Sicily by Car the entry into a new corporate era, where innovation and internationalisation become the pivots of our development on which to invest with determination and constancy. Sicily by Car takes an important step and looks to new horizons, reinforcing its foundation with new financial resources and an increasingly capillary and structured organisation. We chose Borsa Italiana to allow a wide audience of Italian and foreign investors to support and share the ambitious goal of national and international expansion in a sector characterised by high growth potential. We made a commitment to all those who have placed their trust in us and we want to keep it by pursuing a path oriented toward value creation, supported by the adoption of a dividend policy, and sustainability, an element that has distinguished us for years. I would like to thank the members of Industrial Stars of Italy 4 and the entire Sicily by Car team, whose expertise and dedication have made it possible to achieve these goals."
Caption: Tommaso Dragotto, Founder and Chairman of Sicily by Car, rang the bell during the market open ceremony this morning to celebrate the Initial Public Offering of the company.
Sicily by Car
Sicily by Car is the first car rental company with entirely Italian capital, born in 1963 from an idea of Tommaso Dragotto. It has conquered a leadership position at national level, it has a fleet of around 13,000 vehicles and boasts a network of over 55 rental offices in Italy, with presence in airports and a widespread presence in cities with a major tourist vocation. The Group has also launched an international expansion programme with the "SbC Europe" brand and is now present in Albania, Malta, France, Austria, Poland and Montenegro. B2B partnership agreements with the largest international brokers allow SbC to guarantee worldwide coverage of the car rental service. Sicily by Car has developed a growing attention to ESG issues, focusing its strategy on green mobility and sustainable projects: today around 40% of the entire fleet and 64% of the recent fleet are low emission.