The Board of Directors of Planet Holding UK met to close an initial investment of EU €10 million including capital from new shareholders.
The recent capital increase is the first step to deliver an ambitious plan expected to:
• Accelerate the development of its pilot Smart City Laguna project in Fortaleza, Brazil. Once completed the development will consist of 6,500 housing units for some 25,000 residents and will be the first smart city for affordable housing in the world.
• Launch three additional projects (already identified) similar to Laguna, over the next 15 months in Brazil.
• Launch five additional projects in other countries characterised by a large affordable housing deficit.
In September 2018 Planet officially launched its second smart city project in Natal.
About Stefano Buono
Stefano Buono is an accomplished physicist and alumnus of The European Organisation for Nuclear Research (CERN). Until January 2018, Mr Buono served as Chief Executive Officer and board member of Advanced Accelerator Applications (AAA), an international radiopharmaceutical company he founded in 2002.
During his tenure the company expanded its presence to 13 countries, grew to 630 employees, established 21 manufacturing facilities, registered 8 diagnostic drugs and one therapeutic drug, completed 13 acquisitions, and reached €150M in sales prior to the launch of its first therapeutic in Oncology.
Among Mr Buono’s other accomplishments was bringing AAA public in November 2015, on the NASDAQ exchange. The company traded under the ticker symbol AAAP, until it was acquired by Novartis for US $3.9 billion.