Ilustrato Pictures International Inc – Ordinary Shares (OTC-ILUS) stock recorded a fall of -3.79% to $0.3605 at the previous close. ILUS performance over the last week was 99.17% versus its monthly performance of 400.69%.

Most recent Development

Sept. 17, 2021, In an update to its current European acquisition, ILUS International (Ilustrato Pictures International Inc) explains that the deal is currently nearing conclusion

ILUS is a company focused on worldwide acquisitions and the development of technology-based businesses. Currently, multiple acquisitions are being completed in the US and Europe. They have already completed three acquisitions in 2021. This is the first update on the company’s ongoing large European acquisition since it recently provided an update on its US acquisition strategy and progress on 13 September 2021.

ILUS has been considering the possibility of buying a large manufacturing facility for the past six months. According to ILUS Managing Director John-Paul Backwell, the acquisition of the manufacturing plant is now in its last stages. In partnership with the government of the country, ILUS has confirmed that this is a major deal of partial privatization.

ILUS is actively pursuing a very significant government contract for manufacturing a new range of firefighting vehicles that meet Euro 6 emission standards over a five-year period linked to the manufacturing facility acquisition.

ILUS is currently working through the legal aspects of the acquisition of the manufacturing plant and the related manufacturing contract. ILUS will use this colossal facility not only for government contracts but also for the large-scale production of firefighting vehicles and equipment and its commercial electric utility vehicle line, which will be available around the world.