QualityStocksNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Announces Offer to Increase Ownership in Italian Electric Motorcycle Maker
Ideanomics (NASDAQ: IDEX), a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption, has inked an agreement to offer a voluntary conditional tender offer for shares of Energica Motor Company S.p.A. The agreement has been made with founders of Energica, a leading manufacturer and distributor of high-performance, 100% battery-powered electric motorcycles. According to the announcement, the bid for investment would increase IDEX’s ownership stake in the company from 20% to approximately 70%; Energica founders would own 29% of the company. Energica sales nearly doubled in 2020, and in the first half of this year, the…