Brief: Fine Foods Has Signed An Agreement To Purchase 72.9% Of Euro Cosmetic S.P.A. Share Capital

Fine Foods & Pharmaceuticals NTM SpA

21/09/2021 18:19

Sept 21 (Reuters) - FINE FOODS N.T.M. S.P.A. FF.MI :
    * FINE FOODS N.T.M. S.P.A. HAS SIGNED AN AGREEMENT TO
PURCHASE
72.9% OF EURO COSMETIC S.P.A. SHARE CAPITAL
    * FINE FOODS - SIGNING OF BINDING  AGREEMENT WITH FINDEA’S
S.R.L.,
AND MD S.R.L. FOR PURCHASE OF 72.9% OF EURO COSMETIC S.P.A
    * FINE FOODS -  SHALL PAY  TO MD, FOR ITS  38.7% OF EURO
COSMETIC,
8.13 EUROS PER SHARE FOR A TOTAL OF 15 MILLION EUROS
    * FINE FOODS & PHARMACEUTICALS NTM SPA - SHALL PAY TO
FINDEA, FOR
ITS 34.2% OF EURO COSMETIC, EUR 7.25 PER SHARE FOR A TOTAL OF
EUR 11.8 MILLION
    * FINE FOODS -  AFTER SHAREHOLDINGS PURCHASE, CO WILL LAUNCH
MANDATORY TAKEOVER BID FOR REMAINING EURO COSMETIC SHARES
    * FINE FOODS - AFTER THE SHAREHOLDINGS PURCHASE, TAKEOVER
BID
PURCHASE PRICE WILL BE 8.60 EUROS PER EURO COSMETIC ORDINARY
SHARE
    * FINE FOODS  - TRANSACTION IS AIMED AT DELISTING EURO
COSMETIC

Source text for Eikon:  ID:nBIA38Jdft 
Further company coverage:  EC.MI 

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