Aedes majority shareholder hires advisor to sell 51.25% stake, shares jump

Aedes Ligure per Imprese e Costruzioni SpA

20/09/2021 16:34

Sept 20 (Reuters) - Shares in Aedes SIIQ  AED.MI  jumped
nearly 11% on Monday after majority shareholder Augusto Spa said
it had appointed Rothshild as advisor for the sale of its entire
51.25% stake in the real estate portfolio manager.
    In July, Augusto shareholders approved a voluntary
liquidation of the company and the sale of its stakes in both
Aedes and Restart  REST.MI , another real estate group.
 urn:newsml:reuters.com:*:nL8N2P52K6
    Whoever buys Augusto's stake in Aedes will be obliged to
launch a mandatory tender offer on all remaining shares in the
company, according to Italian rules. 
    By 1527 GMT, Aedes shares were automatically halted from
trading after earlier rising as much as 10.9% and outperforming
a 2.4% fall in Milan's all-share index.  
     

 (Reporting by Federico Maccioni, editing by Agnieszka Flak)
 ((Federico.maccioni@thomsonreuters.com; +48 58 7696595))