Following its Riyadh expansion, the CGI studio strengthens creative control and strategic freedom with the buy back of 100% ownership

Red Raion, the CGI studio for media-based attractions, announces that it has completed the repurchase of the shares previously sold to Innovative - RFK, an Italian investment fund that in 2021 bought 20% of the company.

This is a strategically important event for Red Raion, which, after opening its office in Riyadh and strengthening ties with the Saudi region, regains its total independence, demonstrating how the company's solidity enabled this operation.

Antonio Cannata, Co-Founder & CEO of Red Raion, declared: "We are extremely satisfied with having reacquired the shares of our company, thus reconfirming the total independence of Red Raion. This represents a new chapter of growth and development for us, as we are moving towards international expansion, already initiated with the opening of our office in Riyadh. We thank i-RFK for sharing an important part of this journey with us. The ability to regain 100% of Red Raion demonstrates the solidity of our project and the long-term vision that has always guided our strategic choices."

The repurchase of shares marks a pivotal moment in Red Raion's journey, reaffirming the company's commitment to maintaining creative and strategic control as it continues to expand globally. With a solid foundation in place and a growing presence in key international markets like Saudi Arabia, Red Raion is well-positioned to scale its business model, deliver innovative CGI content for media-based attractions, and lead the industry with a focus on recurring revenue and sustainable growth. 

The operation for Red Raion was followed by Co-Founder & CEO Antonio Cannata and Financial Manager Angelo Reina, assisted by Attorney Fabio Umberto Ferrara, naming partner of Ferrara Studio Legale as Legal Advisor and by Doctor Mario Scuderi, Financial Advisor. For Innovative-RFK the operation was followed by President Paolo Pescetto, CEO Antonello Carlucci and Associate Michele Sibio. Furthermore, it was assisted, for legal aspects, by Grimaldi Alliance with a team led by Equity Partner Attorney Annalisa Pescatori.