Brief: NUO Octagon To Buy 78.567% Stake In Bialetti, Launch Takeover Bid After Closing With Aim Of Delisting Co
16/04/2025 06:33
April 16 (Reuters) - Bialetti Industrie SpA BIA.MI on behalf of Nuo Octagon SpA, Bialetti Investimenti SpA, Bialetti Holding SRL: NUO OCTAGON SIGNED DEAL WITH BIALETTI INVESTIMENTI, BIALETTI HOLDING TO BUY 59.002% STAKE IN BIALETTI FOR EUR 47,334,000 NUO OCTAGON SIGNED DEAL WITH SCULPTOR RISTRETTO INVESTMENT TO BUY 19.565% STAKE IN BIALETTI FOR EUR 5,731,000 AS RESULT NUO OCTAGON TO HOLD 78,567% STAKE IN BIALETTI CLOSING EXPECTED BY JUNE 2025 FOLLOWING CLOSING, NUO OCTAGON TO LAUNCH TAKEOVER BID ON ALL BIALETTI SHARES TAKEOVER BID OFFER CONSIDERATION FOR NOT LESS THAN 0.467 EUR/SHR FOLLOWING TAKEOVER BID NUO OCTAGON TO DELIST BIALETTI FROM EURONEXT MILAN Further company coverage: BIA.MI (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))