ESGL Holdings Ltd. Announces Business Combination with De Tomaso Automobili to Expand into Luxury Performance Market

Reuters

05-23

ESGL Holdings Ltd. Announces Business Combination with De Tomaso Automobili to Expand into Luxury Performance Market

ESGL Holdings Ltd., a leader in sustainable circular solutions, has announced a proposed business combination with De Tomaso Automobili Holdings, a prestigious brand in the luxury performance car segment. The transaction aims to unlock long-term shareholder value by expanding ESGL's reach into the ultra-luxury consumer market. As part of the deal, ESGL plans to rename itself to OIO Holdings Limited, with shares expected to trade on Nasdaq under the new ticker symbols "OIO" for ordinary shares and "OIOWW" for warrants. This strategic move is highlighted by the limited production of De Tomaso's P72 and P900 hypercars, which are anticipated to attract top-tier collectors and enhance the brand's financial performance. The proposals related to this transaction are scheduled to be voted on at an Extraordinary General Meeting on June 10, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ESGL Holdings Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9457230-en) on May 23, 2025, and is solely responsible for the information contained therein.

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